Welcome to RESP FACT

A Plan for
Your Child

After budgeting for clothing, food, daycare, after-school programs, and recreational activities a child will need, it can be difficult to find extra funds to invest in a financial future. But even small, regular contributions to a savings or investment plan can go a long way. And you can begin as soon as your child is born to maximize your allowable contributions.

Learn More

LEARN ABOUT RESP ProduCts from

Theresa Miles

Parent and a proud contributor to Canadian RESP.

Browse and Compare Affordable RESP Options for Children

Parents of children of all ages are researching across Google for the best options for investing in financial security for their future. family. For many families starting out, the most secure option available is the Canadian RESP.

At RESP Fact the guiding principle is the belief that if clear access to RESP information is power, then RESP understanding is empowerment. We believe that by educating parents on all their financial options for RESP products, we can provide them with access to information to make the best decision possible for their family situation.

Featured Articles

Learn more about investing for children in Canada, and the power of different RESP planning products.

View All Articles

Can I open a TFSA for my Child?

A Tax-Free Savings Account is a Canadian government-registered account available to all Canadians over the age of 18. Introduced to Canadians in 2009, contributors (depositors) are allowed to deposit a government-set amount of tax-free money every year into their TFSA account.

Is an RESP Tax Deductible in Canada?

Money paid out of the RESP is taxed in the hands of the student. If the beneficiary doesn’t use the amount and refunded back to the contributor, it will be tax-free.

What is an RESP Family Plan?

Family RESPs allow people to share the money with their children. This is important when one child spends more on tuition fees while the other spends less. They are an accessible way to redistribute the money so everyone can be provided. for their needs.

RESP Facts & FAQ

Who can open an RESP? What are the limits for each beneficiary? What is the purpose of the RESP and why do I need it compared to other products such as Whole Life Insurance? We break down the faqs.

When is the best time to start an RESP?

What is Whole Life Insurance?

How do I know what my RESP fees are?

What is the maximum contribution limit for RESP?

Learn More about Children’s Plans for RESP

No Caption

What They Say

“With so much information out there, we used RESP Fact to compare and select our best options in Canada”

Jonah DESOUSA

“When we started our family I had no idea we would need an RESP. The child planning information on the site was very helpful!”

MARY Lawrence

“Some Canadians already know everything about RESPs, but we did not. The site helped make the best choice for our child.”