Registered Education Savings Plan
Parents or grandparents can use a registered education savings plan, which is an investment instrument registered with the Canada Revenue Agency (CRA), to save for their child’s or grandchild’s post-secondary education.
A Registered Education Savings Plan (RESP) is a government-approved savings plan designed to help Canadian families save for a child’s post-secondary education. With tax-sheltered growth and valuable government grants, an RESP is one of the smartest ways to invest in your child’s academic future.
At iRateCompare, we guide you in choosing the right RESP options — so you can save with confidence and maximize every dollar.