Registered Education Savings Plans (RESPs)
A registered education savings plan (RESP) is a contract between an individual (the subscriber) and a person or organization (the promoter).
Under the contract, the subscriber names one or more beneficiaries (the future student(s)) and agrees to make contributions for them, and the promoter agrees to pay educational assistance payments (EAPs) to the beneficiaries.
There are two different types of RESP available: family plans and specified plans.
Forms and publications
- Information Sheet RC4092, Registered Education Savings Plans
- Information Circular IC93-3R1, Registered Education Savings Plans
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