A Registered Education Savings Plan (RESP) is a government-approved plan for the purpose of providing post-secondary education funding for a beneficiary. Income earned within the plan is not taxed until it is withdrawn.

• lifetime contribution limit $50,000 per beneficiary

With the costs of higher education increasing almost every year, early planning is essential. Let Casera Credit Union help you invest for your family's education.

Links:

Concentra Financial's RESP brochure.

Government of Canada, Canada Learning Bond

Government of Canada, Canada Education Savings Grant