Registered Education Savings Plans (RESPs)
- Be Aware, and Beware!
Income Tax Act s. 146.1, Canada Education Savings Act
& Regulations
RESP Topics
What is a Registered Education Savings Plan?
Other methods of saving for your child's
education.
The risks and restrictions of RESPs.
Beware of fees!
How much can be contributed
What investments can be held in an
RESP?
Canada Education Savings Grant (CESG) - How much will the government contribute?
Canada Learning Bond (CLB)
- up to $2,000 per child with no RESP contributions
Alberta Centennial Education Savings
(ACES) Plan
- discontinued - had to apply by July 31, 2015
Provincial
Education Savings Plan Grants
What Types of RESPs Are Available?
What happens if we miss a payment or cancel the
RESP?
How are the funds paid out of the
RESP, and are they
taxable? Part X.5 tax.
Educational assistance
payments (EAP) - what educational programs qualify, and what expenses
qualify?
Other resources
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Revised: December 10, 2025