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Registered education savings plan (RESP)

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Registered education savings plan (RESP)

Invest in your child’s future with a tax-sheltered investment plan that provides access to government grants.

CWB’s RESP is managed by Concentra Financial. An Account Manager will walk you through the application process to maximize your federal and provincial grant contributions. If your child chooses not to attend post-secondary, your contributions and gains are returned to you, minus government grants received and interest earned on those grants.

Tax benefits

Contribute up to $50,000 over the lifetime of your child's RESP without tax penalties

Plan ahead

Our Educational Savings Plan Calculator can help you get organized

CESG payments

Receive up to a maximum lifetime Canada Education Savings Grant payment of $7,200 per child

Additional grants

Additional provincial grants may be available