A post-secondary education is perhaps the greatest gift you can give a child. But it’s often an expense that surprises parents. Plan ahead with a Registered Education Savings Plan (RESP). Contributions are easy to set up, tax deferred, and potentially boosted by government grants if your child qualifies.
Financial planning shouldn’t be cookie-cutter. We help you create a tailored plan that matches your goals.
Try our RESP calculator to work out what your payment plan could look like.
Designed to meet your everyday needs.
Learn some saving strategies for your child’s education to help them follow their post-secondary dreams.
Not sure if you’ll need the funds? We have options that allow you to redeem before your GIC term ends.
You can contribute to your TFSA and watch it grow faster, because you’re not paying pesky taxes on the interest earned.
Your RRSP can hold a range of investments, from mutual funds to GICs, creating a custom portfolio to match your goals.
At Northern Credit Union, eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA)
*To a maximum of $500 per year per beneficiary and $7,200 over the lifetime of the RESP per beneficiary.