Education Savings Plans (ESP)

Smart ways to fund a child’s future ambitions

Registered Education Savings Plans (RESPs) help parents, family and friends save towards a child's future post-secondary education. We offer Individual and Family Plan RESPs and can help you choose the plan that works best for you.

Canada Education Savings Grant

The Canada Education Savings Grant (CESG) is equal to 20% on the first $2,500 in annual contributions made to each beneficiary in an RESP plan.

More Details

Canada Learning Bond

The Canada Learning Bond (CLB) contributes up to $500 to the RESP of a beneficiary who is born on or after January 1, 2004 and whose family is entitled to the National Child Benefit Supplement.

More Details

Alberta Centennial Education Savings

The Alberta Centennial Education Saving (ACES) grant contributes $500 to the RESP of a beneficiary who was born or adopted by a resident of Alberta on or after January 1, 2005.

More Details

Quebec Education Savings Incentive

The Quebec Education Savings Incentive (QESI) is equal to 10% of your annual RESP Contribution - up to a maximum of $250 per year.

More Details

RESP
Reality Check

Starting an RESP is easy. Let us show you how.

More information that may interest you

  • 1 The 2.00% annual interest rate will be applied from November 1, 2012 to January 31, 2013 to the excess of the daily balance in the Investment Cash portion of a Canadian dollar RESP over the closing balance in that account on October 31, 2012. For amounts not eligible for this offer, an interest rate of 0.15% will apply on Canadian dollar cash balances less than $5,000 and 0.25% on Canadian dollar cash balances $5,000 or greater.
    Other conditions apply. Visit your branch for the full Terms and Conditions of this offer. Interest will be calculated daily and paid monthly. All rates are subject to change without notice.