Help Your Child Succeed
A Registered Education Savings Plan from The Co-operators includes many options to help you plan for your child’s future. The earlier you start, the more opportunities your child will have when it comes to their post-secondary education.
A RESP is a tax deferred savings program created by the Government of Canada that allows parents, guardians, relatives or friends to save for the costs of a child’s education, such as tuition and other education-related expenses. Contributions made to an RESP grow tax-free, and can be used to pay for a variety of post-secondary programs in Canada and abroad.
The lifetime contribution limit is $50,000 per beneficiary. The minimum regular contribution amount is $50.
Because the Government of Canada believes in the value of education as an investment in the future, it will increase the amount you put aside for a child’s education with: