RESP

A Registered Education Savings Plan (RESP) is a special type of trust to help save for a child's post-secondary education. You can save for your own child, grandchild, another family member or family friend.

Interest and investment growth earned in the RESP are not taxed for as long as the funds remain in the plan.

The child will also benefit from the Canada Education Savings Grant (CESG).The CESG program gives RESP beneficiaries grant monies based on the annual contributions paid into their plan.

To learn more or to start an RESP you can:

 

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Federal Continuance

For information on upcoming changes to DEPOSIT INSURANCE if we become a federal credit union, see our disclosure notice. Creditors who have concerns may contact Innovation Credit Union.

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