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.

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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.

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Saskatchewan Advantage Grant for Education Savings (SAGES)

SAGES has been suspended effective January 1, 2018, by the Government of Saskatchewan. For more details visit their website.

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.

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British Columbia Training, Education and Savings Grant

The BCTESG is a one-time $1,200 grant available to eligible beneficiaries residing in British Columbia.

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More information that may interest you

Scotiabank in partnership with the community project SmartSAVER, is working to help Canadian families learn about and access the Canada Learning Bond through Registered Education Savings Plans. Learn all there is to know about RESPs with SmartSAVER.

Account Information
For more information about transfer fees and other information about the Scotia RESP download our

Deposits are eligible to be insured under the CDIC Act only if they are in Canadian Currency, have a term of 5 years or less and are payable in Canada.