Registered Education Savings Plan


Bold Barrel Financial specializes in securing futures through education savings. Our expertise in Registered Education Savings Plans (RESPs) ensures your child’s educational journey is financially sound and well-supported.

Understanding RESPs

An RESP is a strategic tool for saving for post-secondary education in Canada, offering tax-deferred growth and valuable government grants. Whether you’re saving for one child or several, we’ll help you find the perfect plan.

Eligibility and Contributions

Both contributor and beneficiary need a valid SIN to start an RESP, with a lifetime contribution limit of $50,000. We guide you through maximizing contributions and taking full advantage of the Canada Education Savings Grant until the beneficiary turns 17.

Withdrawing from RESPs

As education begins, we show you how to efficiently use the funds. Educational Assistance Payments (EAPs) cover educational expenses, and since they’re taxed in the student’s hands, the tax burden is often minimal.

Leveraging Government Grants

Maximize your RESP with the CESG, matching 20% of yearly contributions up to $500. For families with lower income, the CLB provides additional support, ensuring every child has access to higher education.

Provincial Grant Opportunities

We navigate and apply for provincial programs on your behalf, ensuring you maximize every available benefit.

Starting an RESP

Our advisors make opening an RESP straightforward, from selecting the right plan to choosing investments that align with your financial goals. We’re here to support you at every step.

Bold Barrel Financial believes in the transformative power of education and the critical role of planning in securing that future. An RESP is a commitment to your child’s future success. With our guidance, you can make the most of your savings, benefit from government grants, and select investments that grow alongside your child. Ready to invest in your child’s future? Contact us today to begin with an RESP designed for your family’s needs.