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ARTICLE · 02 JUNE 2021

Registered Education Savings Plan (RESP) FAQ

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Saving for your child's education may not be at the top of mind when they are young, but when put to the test, starting to plan early will get you and your child at the top of your [financial] class.

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Niels Jensen
Niels Jensen
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How to get an A+ in saving for your child's education

Saving for your child's education may not be at the top of mind when they are young, but when put to the test, starting to plan early will get you and your child at the top of your [financial] class.

Crowe MacKay's trusted advisors review what a Registered Education Savings Plan (RESP) is, who is eligible, and how to best plan so you get the most out of your savings.

*In this article a subscriber is referred to as the individual(s) who set-up the RESP

Who is eligible for an RESP?

To be eligible for an RESP the following requirements must be met:

  • The beneficiary must have a valid Social Insurance Number (SIN)
  • The beneficiary is a resident of Canada

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