RESP – Registered Education Savings Plan
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A Registered Education Savings Plan (RESP) is a contract between an individual who is the subscriber, and a person or organization, who is the promoter. The subscriber (or a person acting for the subscriber) makes contributions to the RESP, which earns income. The subscriber names one or more beneficiaries and agrees to make contributions for them. See the government site How an RESP works for more details.
Government matches certain portion of your contribution, depending on your income. This grant is called the CESG – Canada Education Savings Grant. There’s also the Canadian Learning Bond (CLB) if your family quailfies. CLB is only for families with income below a certain level.