RESP: Registered education savings plan
A great way to save for your children’s or grandchildren’s post-secondary education.
$750
Maximum annual federal (CESG) and provincial (QESI) government grants
$2,500
Annual contribution per child required to receive the maximum annual grants
30%
Get up to 30% of your contributions in grants*
RESP: The smart way to invest in children’s education
An RESP allows you to set aside and grow money tax-free until a child starts post-secondary education, and receive matching government grants that can give you at least a 30% return on your investment. It’s a great way to give your children or grandchildren a leg up!
Contribute $2,500 each year to receive the maximum $750 annual grant per child.
Advisory Team
FÉRIQUE Investment ServicesRESP at a glance
Contribute
Contribute $2,500 each year to receive the maximum annual grant per child.
Receiving grants
In Québec, the grant amount is capped at $750 per child per year, with a lifetime limit of $10,800.
Play catch-up
If you fall behind on your RESP contributions, you can play catch-up by doubling your contributions to $5,000 per year.
Withdraw money from the RESP
When your child begins post-secondary education, they will be able to withdraw amounts from their RESP each year.
CESG is equal to 20% of annual contributions, up to $500, with a lifetime limit of $7,200. Each year, you can use up to $1,000 in unused grant room from a previous year.
Québec residents can receive an additional grant that is equal to 10% of annual contributions, up to $250, with a lifetime limit of $3,600.
To invest in a Fund or find out if it is suitable for your investor profile, contact FÉRIQUE Investment Services, the principal distributor of the FÉRIQUE Funds.
Opening an RESP
Need advice?
You can count on our Advisory team’s sound and objective advice to assess your needs or financial goals and ensure you are using the right investment strategies to do so.
Three ways to open an account
Open an account online whenever you want, on the phone, or by appointment with a member of our Advisory team.
Your first contribution
Open an RESP with a $500 initial investment or by setting up a pre-authorized contribution plan for $50 a month.
Invest in mutual funds
FÉRIQUE Funds and Portfolios provide you with a range of investment opportunities to help you reach your goals and complete your projects. You will find products suited for every investor profile.
FÉRIQUE Portfolios
Turnkey investment solutions comprised of several funds that are suitable for different types of investors.
FÉRIQUE Funds
A range of funds that allow you to invest in various sectors of the economy, regions of the world or asset classes.
*RESP contributions are eligible for a federal grant (Canada education savings grant – CESG) equal to 20% of annual contributions, up to $500, with a lifetime limit of $7,200. Québec residents can also receive a provincial grant (Québec education savings incentive – QESI) equal to 10% of annual contributions, up to $250, with a lifetime limit of $3,600.