Registered Education Savings Plans (RESPs)
Under the contract, the subscriber names one or more beneficiaries (the future student(s)) and agrees to make contributions for them, and the promoter agrees to pay educational assistance payments (EAPs) to the beneficiaries.
Services and information
- How an RESP works
- Who can be a subscriber?
- RESP contributions
Rules, limits, tax on excess contributions
- Who can become a beneficiary?
- Canada Education Savings Programs (CESP)
Canada Education Savings Grant, Canada Learning Bond
- Provincial Education Savings Programs
Quebec Education Savings Incentive, Saskatchewan Advantage Grant for Education Savings Program, BC Training and Education Savings Program
- Payments from an RESP
EAP, AIP, refund of contributions, payments to a designated educational institution, repayments of grants and bonds, payments to a trust
- Special Rules
Changing the beneficiary, how to transfer property from one RESP to another
Forms and publications
- Information Sheet RC4092, Registered Education Savings Plans
- Information Circular IC93-3R2, Registered Education Savings Plans
- Date modified: