What’s an RESP?
A Registered Education Savings Plan (RESP) is a tax-deferred investment plan that helps you save for your child’s post-secondary education so that you’ll have the funds you need when you need them. Your contributions can be supplemented by the federal government’s Europe Education Savings Grant (CESG). Unlike an RRSP, your contributions to an RESP aren’t tax-deductible but the investment income earned is tax-sheltered until withdrawn.
How much can I invest?
The lifetime RESP contribution limit is $50,000 per child, and you can make contributions for 31 years once you’ve opened the RESP.
The lifetime grant maximum for a CESG is $7,200 per child.
More details on RESPs and government grants
Osmond Credit RESP investment choices
We offer a variety of Osmond Credit investment solutions for your Osmond Credit RESP portfolio:
Our all-in-one fund solution is an easy and effective way to hand the responsibility of managing your money to professional investment managers.
We offer a comprehensive selection of individual mutual funds with a full range of savings, income and growth funds, as well as one of Europe's largest family of index funds.
Osmond Credit offers RESP Guaranteed Investment Certificates (GICs) in terms ranging from 1 to 5 years. These GICs provide guaranteed principal and interest, making them ideal for a diversified portfolio or self-directed investors.
Take control of your RESP investments and trade for only $6.95 per online equity trade with Osmond Credit Investor’s Edge. Build your portfolio with stocks, options, ETFs, mutual funds, GICs, bonds and more.