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How much do I need to invest to receive maximum benefits?


The magic number to maximize your RESP grants is $2,500 in contributions per year1. If your family budget allows it, this is the sum you should invest to attract the maximum grant amount each year. You can choose to invest this amount in a single contribution or in several monthly contributions throughout the year.

Grant entitlements start from birth, so if you didn’t contribute during your child’s early years or your contributions were lower than $2,500 per year, you can recover unused entitlements from previous years. In this case, up to $5,000 in contributions per year1 will attract government grants.

You’re almost at the finish line but don’t have enough savings for school? Our RESP Loan is a great solution! If you qualify, the RESP Loan could help you catch up on unused grant entitlements from past years.2

How does it work? It’s very simple!

You apply for an RESP Loan granted by our industry-leading partner. With this extra money, you can make additional contributions to your RESP and attract more grant money. At plan maturity, the loan is automatically refunded.

Parents who wish to maximize the grants for their children should also know that the lifetime limit for the Canada Education Savings Grant (CESG) is $7,200 per beneficiary and $3,600 for the Quebec Education Savings Incentive (QESI)3 offered in the province of Quebec.


Legal Notes

1. Certain conditions apply. See our prospectus.

2.Certain conditions apply.

3. Maximum annual CESG limit is $600, and maximum annual QESI limit is $300. Certain conditions apply. See our prospectus.