Your child's education
University paid for, without touching your own retirement
The government adds money to your child's education savings every year. Most families we meet haven't set it up yet.
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Sound familiar?
If any of this is you, you're in the right place
You've heard about the government grant and never set it up
The Canada Education Savings Grant adds 20% to what you contribute, up to $500 a year per child. Every year you wait, that year's grant is gone.
You're saving in a regular account and losing the match
Money in a savings account for your child's school earns no grant and gets taxed. The same money in an RESP gets both.
You have more than one child and don't know how to split it
A family plan can hold all your children together and move money between them. We'll show you how.
What we do about it
Set it up once, collect every grant, grow it
- Open the right kind of plan. Individual or family, depending on how many children you have and how old they are.
- Collect every grant. The 20% federal match, plus the extra amounts available for lower-income families and in some provinces.
- Invest it for the timeline. Growth when your child is young, safety as university gets close.
- Review it every year. Contributions, grant room, and how the money is invested as your child grows.
What it costs
The plan costs you nothing
You will not receive a bill for the call, the written plan or the yearly reviews. When we put your plan into action, we're compensated by the financial institution it's placed with. We explain exactly how that works before you decide anything, and there is no obligation after the call. Full details here.
Who you'll work with
Planners who've sat where you sit
Most of our advisors built their careers after arriving in Canada. We know what it's like to earn well and have no idea how the system works here. Meet the team →
Answers
Questions people ask us before they book
How does the RESP government grant work, and how much do I get?
The federal government adds 20% to whatever you contribute to a child's RESP, up to $500 per child per year, to a lifetime maximum…
Read the answer →What happens to the RESP if my child doesn't go to university?
You don't lose your money. The RESP covers college, trade school and apprenticeships as well as university, and can stay open for …
Read the answer →Common questions
Questions people ask us
What is an RESP and how does the government grant work?
A Registered Education Savings Plan is an account for a child's post-secondary education. Growth inside it is not taxed while it stays in the plan. The federal government adds the Canada Education Savings Grant: 20% of what you contribute, up to $500 per child per year, to a lifetime maximum of $7,200. Lower-income families may receive extra grant money, and some provinces add their own.
How much should I put in my child's RESP each year?
$2,500 a year collects the full $500 federal grant. If you can't do that, any amount still earns the 20% match. If you've missed years, you can catch up one extra year's grant at a time by contributing $5,000 in a year.
What if my child doesn't go to university?
The RESP can stay open for up to 36 years, so your child can change their mind. It covers college, trade school and apprenticeships, not only university. If it's never used, your contributions come back to you tax-free; the grant goes back to the government and the growth can usually move into your RRSP if you have room.
Can grandparents or other relatives contribute?
Yes. Anyone can contribute to a child's RESP, though the grant limits apply per child, not per contributor. Grandparents can also open their own plan for a grandchild.
Get started
Your next step is a 30-minute conversation
- Book your free call. 30 minutes, no prep, no obligation.
- Get your written plan. Where you are, where you're going, and exactly what to do, in one document you can read.
- Put it to work. We implement it with you and review it every year.