The content herein is not intended to provide specific tax advice and should not be relied upon in this regard. Please consult your tax advisor to find out which strategies suit your tax situation. iNova Credit Union makes no guarantee, representation, or warranty and accepts no responsibility or liability as to the tax treatment of these services.
Registered Education Savings Plan (RESP)
Saving up for post-secondary education can start as early as ABC
Why invest in an RESP?
Shelter investment growth
Your child won’t pay tax on investment income until they withdraw it for school, ensuring their savings grow faster.
Take advantage of government grants
The government wants to support your child’s future, offering grants and bonds to boost the savings you set aside.
Save with help from anyone
Grandparents, aunts, uncles and even friends can open an RESP to help save for your child's education
Invest your way
Your RESP can hold a variety of investments, including mutual funds, term deposits and even savings accounts.
Set up your RESP your way
Not sure if an RESP is what you need?
We’ll be happy to help review your goals and see if an RESP is the right solution to reach them.
Select Image
TFSAs
Looking to save for yourself? A TFSA may be the right tool for you.
Take a look at the latest, competitive rates on offer for our investing solutions.
See how RESP contributions, combined with government grants, will help your child’s savings grow.
Level up your financial know-how
Why the RESP deadline matters
The annual RESP deadline is December 31 – and, if you have kids, there are a few very good reasons to contribute.
Guide to saving & investing
Want to learn more about investing? Wish you could save more and spend less? This guide has you covered.
Terms & Conditions
Security Legal Site Map Privacy Ombudservice
Copyright 2024 iNova Credit Union. All rights reserved.
Copyright 2024 iNova Credit Union. All rights reserved.
