They’ll thank you for it
You want to help your kids achieve their dreams.
An RESP can help make that happen. Let’s get started!
A Registered Education Savings Plan or RESP is an easy way of saving for college, university, trade school or CEGEP. When you open an RESP you put the money into a variety of investments. Then you:
First, you open an RESP at any Scotiabank branch. Then you choose how you'd like to invest your money. If you're not sure, we can help you select the best investment for you. Then we'll review which government incentives you can apply for on behalf of your child, based on qualifications. We'll automatically add that grant money to the RESP account when it’s received.
Your RESP will grow over time. And when your child starts college or university, you can withdraw the money you need to help pay for school.
Once you open an RESP you can hold a variety of investments in it: high-interest savings accounts, GICs, or mutual funds*. If you’re not sure what to invest in, we can help you pick an investment that’s right for your unique financial situation and your child’s future.
In partnership with the community organization SmartSAVER, we're working to help Canadian families learn about and access the Canada Learning Bond through RESPs. The Canada Learning Bond is offered by the federal government to families that receive the National Child Benefit Supplement. You could get up to $2,000 for your child's RESP without putting in your own money. So even if you think you can't afford an RESP, come and talk to us.
Get a personalized road map which can help you plan for your child's education.Try it!
Explore your current spending habits, to find areas where you can save more.Try it!
See how easy it is to reach your savings goals through regular and automatic savings.Try it!
We all want to do what’s best for our kids. An RESP can help you give your kids the assistance they need to realize their dreams.