RESP — Registered Education Savings Plan

Protect Your Business and Families with Insurance

RESP

Best for: Saving for a child’s post-secondary education

An RESP helps parents, grandparents, and guardians save for a child’s future education. Contributions grow tax-deferred, and the government may add grants to boost savings.

Key Features:

Contributions are not tax-deductible
Investment growth is tax-deferred
Government grants available, including the Canada Education Savings Grant (CESG)
Funds are taxed in the student’s hands when withdrawn (often at a lower tax rate)
Can be used for college, university, trade school, or apprenticeship programs

Why it matters: RESPs help maximize education savings with government support and long-term growth.

Find an Agent

Connect with a licensed insurance expert who will guide you to the right coverage with confidence and clarity.

Call Us for Any Questions

403-879-0185
306-502-1060

Ready to protect your future?

Get a Quote Or Book a Consultation

Featured Coverage Highlights

Michael Patel

“Thank you, Ashish and the PrimeLife team — easy process and great support!”

Sarah Thompson

“I finally understand my options and feel confident about my coverage.”