Registered Education Savings Plan (RESP)
Saving up for post-secondary education can start as early as ABC
Why invest in an RESP?
Shelter investment growth
Your child won’t pay tax on investment income until they withdraw it for school, ensuring their savings grow faster.
Take advantage of government grants
The government wants to support your child’s future, offering grants and bonds to boost the savings you set aside.
Save with help from anyone
Grandparents, aunts, uncles and even friends can open an RESP to help save for your child's education
Invest your way
Your RESP can hold a variety of investments, including mutual funds*, term deposits and even savings accounts.
*Mutual funds are offered through Credential Asset Management Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not insured or guaranteed and are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Their values change frequently and past performance may not be repeated.
Take a look at the latest, competitive rates on offer for our investing solutions.
See how RESP contributions, combined with government grants, will help your child’s savings grow.
Set up your RESP your way
Level up your financial know-how
Why the RESP deadline matters
The annual RESP deadline is December 31 – and, if you have kids, there are a few very good reasons to contribute.
Guide to saving & investing
Want to learn more about investing? Wish you could save more and spend less? This guide has you covered.
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Copyright 2024 Beaubear Credit Union. All rights reserved.
Copyright 2024 Beaubear Credit Union. All rights reserved.
