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Registered Education Savings Plan (RESP)

Our Money Advisors team explains:

Your investment products (savings account, bonds, guaranteed investment certificates GICs, mutual funds or segregated funds)

Advantages and risks of each product

Administration and penalty fees - If applicable

Plan your Child’s Education

with an RESP

The Government of Canada can help you save for your child’s future with a Registered Education Savings Plan (RESP).

An RESP is an education savings account registered with the Government of Canada, helping your family save money for your child’s continued education after high school. The money in the RESP will be invested so it can grow and earn tax sheltered investment returns.

The 3 Types of RESPs

Donors can contribute appreciated property, including securities or real estate, receive a charitable deduction for full market value of the asset, and pay no capital gains tax on the transfer

Donors who establish a life-income gift receive a tax deduction for the full, fair market value of the assets contributed, minus the present value of the income interest retained; if they fund their gift with

appreciated property they pay no upfront capital gains tax on the transfer

Gifts payable to charity upon donor’s death, like a bequest or a beneficiary designation in a life insurance policy or retirement account, do not generate a lifetime income tax deduction for the donor, but they are exempt from estate tax

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Registered Education Savings Plan (RESP)

Plan your Child’s Education

with an RESP

The 3 Types of RESPs

Donors can contribute appreciated property, including securities or real estate, receive a charitable deduction for full market value of the asset, and pay no capital gains tax on the transfer

Donors who establish a life-income gift receive a tax deduction for the full, fair market value of the assets contributed, minus the present value of the income interest retained; if they fund their gift with

appreciated property they pay no upfront capital gains tax on the transfer

Gifts payable to charity upon donor’s death, like a bequest or a beneficiary designation in a life insurance policy or retirement account, do not generate a lifetime income tax deduction for the donor, but they are exempt from estate tax

info@moneyadvisors.ca

+1-613-695-7526

235 Montréal Rd, (Suite 100)

Ottawa. ON K1L 6C7

Registered Education Savings Plan (RESP)

Plan your Child’s Education

﻿with an RESP

The 3 Types of RESPs

Donors can contribute appreciated property, including securities or real estate, receive a charitable deduction for full market value of the asset, and pay no capital gains tax on the transfer

Donors who establish a life-income gift receive a tax deduction for the full, fair market value of the assets contributed, minus the present value of the income interest retained; if they fund their gift with

appreciated property they pay no upfront capital gains tax on the transfer

Gifts payable to charity upon donor’s death, like a bequest or a beneficiary designation in a life insurance policy or retirement account, do not generate a lifetime income tax deduction for the donor, but they are exempt from estate tax

info@moneyadvisors.ca

+1-613-695-7526

235 Montréal Rd, (Suite 100)

Ottawa. ON K1L 6C7

with an RESP