Investing & Saving
Registered Education Savings Plan (RESP)
A registered account to save for post-secondary education with potential government grant programs.
Investment values can fluctuate. Returns are not guaranteed. Past performance does not predict future results.
What it is
An RESP is a registered account intended for education savings. Subscribers contribute for a beneficiary, and investments grow tax-deferred until paid to the beneficiary for education.
Government grants such as the Canada Education Savings Grant may match a portion of contributions if eligibility rules are met. Program details can change.
Who may want to learn about it
- You may want to learn about RESPs if you are saving for a child’s or grandchild’s education and exploring grant eligibility.
Common considerations
Risk and volatility
Market-based investments can lose value. Returns are not guaranteed and past performance does not predict future results.
Fees and compensation
Management fees, sales charges, and other costs reduce net returns. Ask how compensation is structured.
Time horizon
Longer horizons may allow more volatility, but suitability depends on your goals and other holdings.
Tax treatment
Registered accounts have rules for contributions, withdrawals, and attribution. Tax rules can change.
What to bring to a consultation
- Government-issued photo ID and contact information
- List of existing registered accounts (TFSA, RRSP, RESP, etc.)
- Recent account statements or contribution summaries, if available
- General time horizon and goal categories (education, retirement, savings)
- Employer pension or group plan summaries, if applicable
- Questions about fees, risk tolerance categories, and tax treatment (for advisor discussion)
This page is for general educational information only and does not replace advice from a licensed professional. SEENCO Financial Services Inc. does not guarantee approval, payout, savings, returns, or performance.
Frequently asked questions
Withdrawal and grant repayment rules apply in specific circumstances. Review CRA and plan rules or speak with an advisor.
Speak with a licensed SEENCO advisor
Request a consultation in plain language — no pressure, no commitment. A licensed advisor can review options when you are ready.