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RESPs

Planning & Advice

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Join Radius
Credit Union

Save for your child’s future.

Save for your child’s future with a Registered Education Savings Plan (RESP). Your RESP contribution, along with government grants, are tax-sheltered until they are withdrawn from the plan.

  • Grow your money – Because your RESP is tax-free, your earnings will be tax sheltered.
  • Anyone can contribute – Grandchild, niece, nephew, child of a friend or your own child – you can help make their future educational dreams a reality.
  • Less tax when withdrawn – When the child begins to withdraw funds for their education, they will pay less tax as they will likely be in a lower tax bracket.
  • Benefit from the Canada Education Savings Grant – The federal government will contribute up to a lifetime maximum of $7,200 to your child's plan.
  • Multiple plan options – you can choose an individual plan (one beneficiary) or a family plan (multiple beneficiaries) Talk to one of our specialists to determine which option is right for you.
  • Multiple investment products are available within an RESP account – Term deposits and mutual funds* included.

*Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc.

Enjoy the advantages of a Radius Credit Union Account.

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