Skip to main content
Canada Money Toolbox

RESP: Free Money

The government adds 20%.

No commercial relationships: the bank links below are plain links to official pages. We currently earn nothing from them. Learn how we operate

How an RESP works

You contribute after-tax dollars.

The grants, decoded

Grant

Grant

Grant

Grant

What newcomer parents need to know

Angle

Angle

Angle

How much free money?

Enter age and contribution.

Estimate only.

What if they don't go to school?

Your contributions come back.

Provider-neutral, on purpose

Any bank can open an RESP.

Brokerages

Not financial advice.

Good to know.