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RESP for Low-Income Families

You can open a registered education savings plan (RESP) 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 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.


What is the CLB?

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.

  • An initial $500 will be paid into the RESP the first year of eligibility to help you save for your child’s post-secondary education.
  • Thereafter, your beneficiary could receive $100 annually until the year your child’s turns 15, for a lifetime total of $2,000.

*Families who meet the financial criteria.

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to learn more

Legal Notes

  1. Certain conditions apply; please see our prospectus.