A Registered Education Savings Plan (RESP) is an education savings plan that has been registered under the Income Tax Act and offers significant advantages to families saving for their child’s future education expenses.


An RESP allows the growth income earned on contributions to remain tax deferred until your child enters a post-secondary program (within 35 years) and the money is withdrawn. A nominated child can be eligible for the Canada Education Savings Grant (up to $7,200) and the Canada Learning Bond (up to $2,000) — that’s up to $9,200 in government grants.

Taxes are paid by the student when money is withdrawn to pay for education costs. Since most students have little or no income, the student pays little or no income tax. RESPs can fund most full-time or part-time trade, college or university as long as government requirements are met.

The Smart Start Investments has an Education Savings Plan that provides a disciplined approach to saving for a child’s education. Just a few dollars put aside weekly can make the difference of a lifetime. When registered the plan offers tax-deferred growth as well as access to government grants for each child. Our plan combines many of the best features found in other individual and group scholarship plans

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