Registered Education Savings Plan (RESP)
Benefits of Having an RESP – Save Early, Earn More
With the help of an RESP you, as a parent, friend or family member, can start putting aside money for a child’s post-secondary education. Your contributions can grow surprisingly quickly when you use this special savings account, as the Government of Canada offers the Canada Education Savings Grant and the Canada Learning Bond exclusively to RESP subscribers.
For further information, download the following brochures from the Government of Canada:
The subscriber may be the child's parent or parents, but it can also be a grandparent, another family member, or a family friend. A beneficiary can also be the subscriber of their own RESP.
RESP's are available at CCEC Credit Union. Shelly Galloway, Manager, Branch Operations is very knowledgeable on RESP's and would be pleased to answer your questions and help to set one up for you. Call her at 604-254-4100 for more specific information.