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Registered Education Savings Plans (RESPs) combine flexibility, tax deferral and direct government assistance to help you save for a child’s education.

Here are some of the reasons why RESPs are popular among Canadians:

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Expand - Tax-Deferred Earnings Tax-Deferred Earnings

Expand - The Canada Education Savings Grant (CESG) The Canada Education Savings Grant (CESG)

Expand - Canada Learning Bond Canada Learning Bond (CLB)

Expand - Additional Government Incentives Provincial Government Incentives

 
 

Talk to an RBC advisor

One of our advisors can help you plan which investments are most suited to your young scholar's needs.

Call now 1-800-463-3863   Locate your nearest RBC branch (opens new window)

 

Please consult your advisor and read the Fund Facts before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual fund securities are not guaranteed or covered by the Canada Deposit Insurance Corporation or by another government deposit insurer. For funds other than money market funds, unit values change frequently. For money market funds, there can be no assurances that a fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in a fund will be returned to you. Past performance may not be repeated. Royal Mutual Funds Inc. is licensed as a financial services firm in the province of Quebec.

Financial planning services and investment advice are provided by Royal Mutual Funds Inc. (RMFI). RMFI, RBC Global Asset Management Inc., Royal Bank of Canada, Royal Trust Corporation of Canada and The Royal Trust Company are separate corporate entities which are affiliated. RMFI is licensed as a financial services firm in the province of Quebec.

 

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Giving the Gift of Knowledge

View our Guidebook for information on all your education savings options, including RESPs.

View Guidebook (opens PDF in new window)