BUILT FOR
EDUCATION
Your RESP can be used to cover the cost of more than just tuition, including living expenses and course books.
TAX DEFERRED
GROWTH
No tax is charged on interest earned in your RESP until funds are withdrawn – typically by the child at a lower tax rate.
GOVERNMENT
GRANTS
The federal government boosts your contributions by up to $500 a year*, and provincial grants may add even more.
IT PAYS TO PLAN FOR YOUR CHILD’S FUTURE
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.
WEALTH MANAGEMENT
Financial planning shouldn’t be cookie-cutter. We help you create a tailored plan that matches your goals.
Select Image
RESP CALCULATOR
Try our RESP calculator to work out what your payment plan could look like.
Select Image
OUR LATEST & GREATEST RATE
Designed to meet your everyday needs.
Select Image
SMART SAVINGS FOR POST-SECONDARY
Learn some saving strategies for your child’s education to help them follow their post-secondary dreams.
Select Image
FLEXIBLE TO FIT YOU
Not sure if you’ll need the funds? We have options that allow you to redeem before your GIC term ends.
Select Image
TIRED OF PAYING TAX ON INVESTMENT GROWTH?
You can contribute to your TFSA and watch it grow faster, because you’re not paying pesky taxes on the interest earned.
Select Image
GROW IT YOUR WAY
Your RRSP can hold a range of investments, from mutual funds to GICs, creating a custom portfolio to match your goals.
Select Image
DEPOSIT INSURANCE RESERVE FUND (DIRF)
The Financial Services Regulatory Authority of Ontario’s (FSRA) deposit insurance program protects insurable deposits held with Ontario credit unions and caisses populaires. Deposit insurance is part of a comprehensive regulatory framework that protects consumers and helps ensure the safety and soundness of the credit union sector in Ontario. For more information, click here.
DISCLAIMER
*To a maximum of $500 per year per beneficiary and $7,200 over the lifetime of the RESP per beneficiary.
SIGN UP FOR OUR NEWSLETTER
Interested in learning about Northern or our products?