Registered Education Savings Plan (RESP)

Who should get this investment?

Savers who want to build capital to pay for a child's future post-secondary education. Ideal if you want to grow your money in a tax-sheltered investment that your children, grandchildren or any close child can use to cover educational expenses.

Features

Investment options	Desjardins Funds Diapason Portfolios Guaranteed Investment Certificates (GICs)
Deposit amount and frequency	Flexible. Can be changed at any time. Frequency of transfers: weekly, every 2 weeks or monthly.
Beneficiaries and transfers	You are free to designate a different beneficiary at any time, including yourself if you decide to go back to school (under certain conditions). If beneficiary decides not to pursue his or her studies, you may be able to transfer the RESP funds into your RRSP2.
Insurance	The beneficiary and his or her family get 6 months of Superior Accirance accident insurance when the RESP is opened.
Other	Contributions may qualify beneficiary for: a Canada Education Savings Grant a Canada Learning Bond a Quebec education savings incentive

	At the caisse	Make an appointment with a caisse advisor: online by phone

1. Unless your contributions are invested in a Guaranteed Investment Certificate (GIC). If so, withdrawal may be made without penalty at maturity.
2. Certain conditions apply.