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Registered Education Savings Plans (RESPs)
 - Be Aware, and Beware!

Income Tax Act s. 146.1, Canada Education Savings Act & Regulations

RESP Topics

What is a Registered Education Savings Plan?

Other methods of saving for your child's education.

The risks and restrictions of RESPs.

Beware of fees!

How much can be contributed

What investments can be held in an RESP?

Canada Education Savings Grant (CESG) - How much will the government contribute?

Canada Learning Bond (CLB) - up to $2,000 per child with no RESP contributions

Alberta Centennial Education Savings (ACES) Plan - discontinued - had to apply by July 31, 2015

Provincial Education Savings Plan Grants

What Types of RESPs Are Available?

What happens if we miss a payment or cancel the RESP?

How are the funds paid out of the RESP, and are they taxable? Part X.5 tax.

Educational assistance payments (EAP) - what educational programs qualify, and what expenses qualify?

Other resources

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Revised: September 20, 2024

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