Registered Education Savings Plan

Registered Education Savings Plan

Registered Education Savings Plan (RESP) is a great investment tool in saving for a child’s post-secondary education.

What are the contribution rules?

  • Contributions to a RESP as well as interest earned on money borrowed to contributed to an RESP are not income tax deductible

What are the contribution limits?

  • As of 2007, there is no annual limit; however, the maximum lifetime limit you can contribute to an RESP account is $50,000.

Contact us today to find out more about RESP options and government assistance programs such as the Canadian Education Savings Grant (CESG).

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