TD Canada Trust RESP

As education costs continue to rise, an RESP can help maximize your savings for your child. There are no account fees for our RESPs. That means all your money starts working hard toward your savings goals right away.

  • You can contribute up to a maximum of $50,000 for each child you name as a beneficiary in an RESP
  • You can receive the Canada Education Savings Grant (CESG)1,2,3 and other government incentives that can add up to $500 or more annually per beneficiary
  • Choose from a wide range of GICs and mutual funds to help your money grow
  • Your contributions can grow every year on a tax-deferred basis
  • When RESP grants and earnings are withdrawn for educational purposes, they are taxed at the student’s tax rate, which is typically very low

Visit this link for more information on a TD Canada Trust RESP.

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