WHAT IS AN RESP
RESPs are a reliable way to save for a child’s education

A Registered Education Savings Plan (RESP) is an investment dedicated to saving for your child's post-secondary education.

RESPs offer great incentives to help grow your investments. The Canadian Federal and some Provincial Governments provide ways to accelerate RESP savings through grants and tax-deferred growth.

CST Plans offer the flexibility for beneficiaries to use their RESP for a range of post-secondary options. RESPs are also open to anyone—friends and family can start plans for any child or contribute to established plans.

 
Saving for post-secondary is more important than ever

1 Statistics Canada September 2022, “Tuition fees for degree programs increase in 2021/2022.”

2 Statistics Canada 2022 and university websites.

3 Canada Education Savings Program, 2021 Annual Statistical Review
Average annual tuition fee1 for Canadian undergraduate programs in 2022/23 
Estimated cost of a four-year university
program2 by 2041
Of Canadian children have not accessed education savings incentives3
CST Advantage Plan
Feel confident with a plan that prioritizes saving for your children’s future.

We provide long-term value by investing to both protect your principal and earn positive returns.