Investment

RESP

The RESP is designed to encourage individuals to accumulate savings for the post-secondary education of beneficiaries (children or grandchildren). The RESP offers significant incentives:

• Earnings on RESP investments accumulate on a tax-sheltered basis;
• Contributions are not deductible and are subject to limits;
• Eligible Grants are subject to annual limits;
• A beneficiary can have multiple RESPs;
• You can transfer an existing RESP to another RESP of your choice.

Contact us to learn about the full range of options and tools we can make available to you.