Save for my child's education

It's never too early to start saving for your child's education

Hints and tips

  • Open a Registered Education Savings Plan (RESP) through CWB. Our RESPs are managed through Concentra Financial.
  • Depending on how much you contribute to an RESP, the Federal Government’s Canada Education Savings Grant can provide up to an extra $500 a year to your savings. Additional provincial grants may be available.
  • You can contribute $50,000 over your child’s lifetime towards an RESP without any additional taxation or tax penalties on your savings.
  • Contributing to an RESP can also act as a deduction with you annual income taxes meaning it could help with you bottom line during tax time.

Your tools for success