A Brighter Future Starts Today

​

Post-secondary education costs are rising—making it more important than ever to plan ahead. A Registered Education Savings Plan (RESP) is one of the most effective ways to invest in your child’s or grandchild’s future education.

At Ventum Wealth, we help families take full advantage of RESP strategies, government grants, and long-term growth opportunities—so you can confidently support their academic journey.

WHAT IS AN RESP?

A Registered Education Savings Plan (RESP) is a government-registered savings account that allows you to save for a child’s post-secondary education tax-deferred while receiving valuable government grants, including the Canada Education Savings Grant (CESG).

THE POWER OF THE CESG

One of the key advantages of an RESP is the Canada Education Savings Grant (CESG)—a government incentive that matches 20% of your contributions:

• Receive $500 per year on the first $2,500 contributed
• Maximum CESG of $7,200 per child
• Unused grant room can be carried forward, allowing you to catch up in later years
• Low- to middle-income families may qualify for additional CESG grants of 10% or 20% on the first $500 contributed annually

With the CESG, your RESP savings grow faster—boosting your investment without extra cost.

​

TYPES OF RESP PLANS

Individual RESP

• One beneficiary per plan
• The beneficiary can be any age and doesn’t need to be related by blood or adoption
• Great for non-family contributors or mature students

Family RESP

• Multiple beneficiaries allowed (must be related by blood or adoption)
• Funds can be shared among siblings
• If one child doesn’t pursue education, grants and earnings can be reallocated to another

KEY BENEFITS OF AN RESP

Tax-Deferred Growth

Investment income (interest, dividends, capital gains) grows tax-free. When used for education, the income and CESG are taxed in the student’s hands—often resulting in little to no tax.

Flexible Education Use

RESP funds can be used for:

• University or college programs
• Trade schools and apprenticeships
• CEGEP and other certified post-secondary institutions

Compound Growth Potential

RESPs allow early contributions to grow over time. Combined with CESG and other government incentives, your savings have the power to multiply through compound interest.

Contribution Flexibility

• Lifetime contribution limit of $50,000 per beneficiary
• Contributions can be made for up to 31 years
• RESP accounts can stay open for 36 years
• You may contribute up to $5,000 per year if catching up on unused CESG grant room

What If My Child Doesn’t Attend School?

RESPs offer flexible options if the original beneficiary doesn’t pursue post-secondary education:

• In a Family Plan, funds can be reassigned to another eligible sibling
• Transfer investment income to your or your spouse’s RRSP (if contribution room exists and the RESP is at least 10 years old)
• Withdraw contributions tax-free; unused CESG grants must be returned to the government

Start Saving Today

Whether you're starting early or catching up, an RESP is one of the smartest ways to prepare for your child’s future—especially when you maximize government incentives like the CESG.

At Ventum Wealth, we’ll guide you through RESP setup, contribution planning, and grant optimization. Let’s build an education savings plan that grows with your child.

Invest in their dreams. Empower their future. Let’s make education more affordable—together.