RESP FAQs

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Are there any fees associated with a Registered Education Savings Plan (RESP)?

What are the different types of RESPs?

What happens if I don’t contribute enough to warrant the maximum total payable for the CESG?

What additional Government Grants are available?

What contribution options do I have with an RESP?

Are there any tax consequences when the child withdraws from the RESP?

What happens if the child chooses not to pursue post-secondary education?

 

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

 

Please consult your advisor and read the prospectus 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.