EDUCATION SAVINGS (RESPs)
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.
READY TO GIVE THE GIFT OF EDUCATION?
Let’s get started! Our experts will be happy to answer any questions and help you get set up.
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.
OUR LATEST & GREATEST RATE
Designed to meet your everyday needs.
SMART SAVINGS FOR POST-SECONDARY
Learn some saving strategies for your child’s education to help them follow their post-secondary dreams.
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.
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.
YOUR DEPOSITS ARE INSURED
Deposit insurance coverage is provided by the Deposit Insurance
Reserve Fund administered by FSRA and pre-funded by Ontario credit
unions and caisses populaires at no cost to depositors.
DEPOSIT INSURANCE RESERVE FUND (DIRF)
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 depositor protection program that ensures the safety and soundness of credit unions and caisses populaires. For more information, click here.
*To a maximum of $500 per year per beneficiary and $7,200 over the lifetime of the RESP per beneficiary.