RESP Calgary

Registered Education Savings Plan (RESP) for Child Education

for your child’s futureRESP PLAN



We all dream of educating our children from the best university for their higher studies. Responsibilities grow with each day as time passes by. And before we know it, the time to turn those dreams into reality arrives. RESP is a registered education savings plan that helps you save for a child’s post-secondary education. To encourage education savings the government of Canada and some provincial government provide annual grants based on how much you contribute to your child’s RESP.

RESP is the most precious gift you could offer to your children: the possibility to pursue a career in their dreams. Based on your family income, you could also be eligible for an additional grant. And your investments, grants, and interest grow tax-free until withdrawal.


Following table shows grants offered by the federal government


Annual grant (% of contributions) Annual limit (per child) Lifetime maximum (per child) Additional grant (% of contributions)
Canada Education Savings Grant (CESG) 20% $500 $7,200 10% or 20% of the first $500 invested each year
Canada Learning Bond (CLB) Limit of $2,000 per child for eligible families

Following table shows grants offered by the federal government


Canada Education Savings Grant (CESG)
Annual grant (% of contributions) 20%
Annual limit (per child) $500
Lifetime maximum (per child) $7,200
Additional grant (% of contributions) 10% or 20% of the first $500 invested each year
Canada Learning Bond (CLB)
Limit of $2,000 per child for eligible families

Flexibility; If your child doesn’t pursue post-secondary education, you can:


  • Designate another child as the beneficiary in the family
  • Withdraw your original contributions tax free
  • Transfer your accumulated investment income to your RRSP under certain restrictions

Contact Munish Mehan at 587-718- 8001 if you would like to start investing into your child`s future from today.

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