Give your child (or grandchild) a strong start with a simple, tax-smart plan to fund school. We help families design education savings that fit real budgets today and keep options open for tomorrow—university, college, apprenticeships, and approved training programs.
What We Do
- Goal & cost mapping: We estimate future tuition/living costs and set a monthly target that works for you.
- RESP setup & optimization: Choose the right plan type (individual, family, or group), beneficiaries, and contribution schedule.
- Grant maximization: Capture every dollar of government money you’re eligible for and avoid common pitfalls.
- Investment strategy: Age-based, low-cost portfolios that get more conservative as school approaches.
- Withdrawal planning: Minimize taxes when you start drawing funds and keep grants intact.
Why Use an RESP?
A Registered Education Savings Plan (RESP) lets investments grow tax-deferred and unlocks valuable government grants:
- Canada Education Savings Grant (CESG): 20% match on the first $2,500 contributed each year per child (that’s up to $500/year), with a lifetime CESG limit of $7,200. Unused room can be carried forward to catch up (max $1,000 CESG in a single year).
- Canada Learning Bond (CLB): For eligible families, up to $2,000 total ($500 to start, then $100/yr) even if you can’t contribute.
- Tax-smart withdrawals: Growth and grants are taxed in the student’s hands when withdrawn as Educational Assistance Payments (EAPs)—often at a very low rate.
Good to know: The RESP lifetime contribution limit is $50,000 per beneficiary. Funds can be used for a wide range of approved programs in Canada and abroad.
Who It’s For
- New parents & growing families: Building a habit of small, automatic contributions.
- Grandparents & relatives: Who want a meaningful, structured gift.
- Late starters: Who need catch-up strategies before high school.
- Students with special needs: We coordinate RESP with RDSP/TFSA planning.
Smart Design Choices
- Family vs. Individual Plans: Family RESPs allow multiple siblings to share grants and investment growth.
- Age-based investing: Glide paths reduce risk as graduation nears, protecting hard-won gains.
- Grant-first withdrawals: In school, we prioritize EAPs to use grants/growth efficiently; then return contributions tax-free.
- If plans change: No student this year? Keep the RESP open—post-secondary plans evolve. In certain cases, unused growth can be moved to an RRSP (subject to rules) and contributions are always yours to withdraw.
Our Process (Fast & Friendly)
- 1.Set the target: Cost estimate, grant eligibility, monthly contribution.
- 2.Open & fund: Paperless setup, automated deposits, and gift links for family.
- 3.Invest & review: Simple, diversified portfolio with annual tune-ups.
- 4.Withdraw right: Documentation, timing, and tax-aware strategies when school starts.
This is general information for Canadians and not tax advice. We’ll coordinate with your tax professional as needed.
Ready to turn small deposits into big opportunities?
Book a 15-minute chat. We’ll map your grant room, set a contribution plan, and show exactly how your child’s education can be funded—without straining your budget.