The registered education savings plan is accessible to all families, whatever their financial situation. And thanks to the government grants, this investment is particularly advantageous for parents of more modest means.
You can even open a plan with Universitas Financial for a child who is eligible for the Canada Learning Bond (CLB)1, with no obligation to make contributions.
All in all, your child could receive $2,000 in CLB payments without you having to invest a single penny!
The Canada Learning Bond is offered by the Government of Canada to low-income families.*
To ensure your child receives this grant, all you have to do is open an RESP. That’s it! And there’s no obligation to contribute.
*Families who meet the financial criteria.