Registered Education Savings Plan (RESP)

The RESP allows you to build capital for your children's, grandchildren's or any close child's future post-secondary education.

How much will he or she need? Use our simulator to estimate the cost of a post-secondary education

Features

• Maximum total annual contributions of $50,000 per beneficiary for the duration of the plan.
• Invest in Desjardins Funds Diapason Portfolios or Guaranteed Investment Certificates (GICs).
• You may withdraw your contributions at any time without penalty¹.
• You can elect to keep your contributions or disburse them to the beneficiary.
• Qualifies beneficiary under age 18 for the Canada Education Savings Grant.
• May qualify beneficiary for the Canada Learning Bond.
• If beneficiary decides not to pursue his or her studies, you may be able to transfer the RESP funds into your RRSP².
• With Desjardins, you can get a Quebec education savings incentive (QESI).

Advantages

• You determine the frequency and amount of contributions and can change these anytime you wish.
• You are free to designate a different beneficiary at any time, including yourself if you decide to go back to school².
• Your savings grow tax-free.
• The beneficiary and his or her family get 6 months of Superior Accirance accident insurance when the RESP is opened.

	At the caisse (Members and non-members)	Make an appointment with a caisse advisor: online by phone

1. Unless your contributions are invested in a Guaranteed Investment Certificate (GIC). Withdrawal may be made without penalty at maturity.

2. Certain conditions apply.