Registered Education Savings Plans (RESP) Investments

Registered Education Savings Plans (RESP) are great way to save for your child's education. Your RESP investment grows on a tax sheltered basis the same way your RRSP does, and if withdrawn for educational purposes the funds are taxed in the child's hands. Not only is the child gong to pay less tax on that money then their parents, but best of all the federal government matches 20% of your deposits up to $400 per year per child.