In both types of RESP, the planholder fully controls:
- How the money is invested
- When, how much and how often the beneficiary gets payments.
For more information, please visit Canada Revenue Agency’s RESP page.
RESP grants and contributions
Understand the rules for contributing to an RESP, and find out about the government grants and bonds that can help you build your RESP savings.
How much do I need to save for my child’s education?
Tuition, books, technology, transportation, room and board -- education expenses can add up. Estimate how much it will cost to send your child to school with our RESP calculator.
Give a child you love a head start on higher education
Whether they’re still in diapers or in those awkward tween years, our kids deserve the best we can give them – including help with their post-secondary education. A Sun Life advisor can show you how an RESP can help you save for university, college or an apprenticeship – and how you can add to your savings with free money from the government.
Talk to your advisor or find an advisor near you to get your savings started.