- Location: 9622 42 Ave NW Unit 206, Edmonton, AB
- +1 (780) 906-0000
- info@hopeinsurance.ca
RESP for Children
RESP for Children Overview
A Registered Education Savings Plan (RESP) helps you save for your child’s post-secondary education while taking advantage of government grants like the Canada Education Savings Grant (CESG), which can add up to $500 a year to your savings.
We help parents and grandparents set up and manage RESPs that grow tax-deferred, so your child has the funds they need for college, university, or a skilled trade program.
Eligibility Requirements
- Valid SIN for the child (beneficiary)
- Valid SIN and identification for the subscriber
- Canadian residency status
- Child's age within eligibility window (RESP can be opened until age 17)
- Initial or ongoing contribution amount
- Beneficiary designation on file
- Review of CESG and grant eligibility
- Contribution limits and carry-forward rules
- Investment option selection
- Review of withdrawal rules for education use
Our Services
Not sure which travel plan fits your trip? Our advisors can help you compare options in minutes.
Expert guidance on RESP contributions and government grant eligibility.
Take advantage of the Canada Education Savings Grant, worth up to $500 per year.
Your contributions grow tax-deferred until your child withdraws funds for school.
Contribute as much or as little as fits your budget, with no annual minimum.
Choose an individual RESP or a family plan covering multiple children.
Funds can go toward university, college, or a skilled trade apprenticeship.
We help you track contributions, grants, and withdrawal rules as your child grows.