RESP: Frequently Asked Questions

Common questions regarding the Registered Education Savings Plan. The RESP is a savings/investing tool that can be used to aid a child/beneficiary enrolled in a qualified post-secondary education program. This account can be opened by the beneficiary’s parent or other people such as grand parents. The plan is also government subsidized through the Canadian Education Savings Grant (CESG) for additional incentive. See below for the FAQs