RESP & Education Savings
An RESP is a registered plan for saving toward eligible education after high school. Start with your child's timeline, what you can contribute and the rules for government benefits before choosing an available savings option.
Guidance from Ramandeep Singh in Brampton, serving Ontario and New Brunswick. Coverage and product availability depend on eligibility and province.
Where planning can help
An RESP holds savings for eligible education after high school, which can include college, university and qualifying trade or apprenticeship programs. Contributions, government benefits and any investment earnings have different rules. Investment growth is not guaranteed.
The Canada Education Savings Grant and Canada Learning Bond may help eligible beneficiaries. Eligibility and payment rules differ, and the promoter must apply for applicable benefits. Confirm which benefits the selected plan supports and what information is required.
Compare available plans, costs, investment options, contribution flexibility and the rules if education plans change. Bring details of any existing RESPs so contributions can be coordinated. Ramandeep can explain available options within his licensing and product access.
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