Our RESP Plans
Group Option Plan

Option Plan

Protection of principal, for disciplined and committed savers.

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Set your own Plan Contribution Target! Enrol at any age.

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Option Plan

For those who seek a flexible RESP.

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Self-Initiated Option Plan

Designed for investors who are seeking a flexible, individual RESP option. A good option for those who value control over the timing and amount of payments from the Plan.
The Children's Education Trust of Canada Self-Initiated Option Plan

Key Benefits of the Self-Initiated Option Plan

Contribute when & how much you want – no scheduled deposit requirement1!

There is no age restriction for the beneficiary that you select.

Beneficiary Insurance is available to protect your beneficiary2.

Eligible Canadians can start a Self-Initiated Option Plan that consists only of the Canada Learning Bond – for those who are eligible, no contributions are required3.

1 Subject to legislative lifetime limits. A minimum contribution of $300 within 12 months of the date of enrolment applies.

2 Offered by Chubb Life Insurance Company of Canada

3 You must qualify to receive the Canada Learning Bond.

Getting started is easy!

Start your contributions

Select your beneficiary:
Your Beneficiary needs to be a resident of Canada.

Start your contributions:
Start contributing when and how much you choose.1 And you can make your contributions by direct deposit, online banking, Visa, MasterCard, American Express2, or cheque.

1 Subject to lifetime limitations by legislation. A minimum contribution of $300 is required within the first 12 months of the enrolment date.

2 Credit card processing fees applied at the time of payment. (2% Visa, Mastercard) (3% AMEX)

Government grants

When you open your plan, your trained Dealing Representative will work with you and assist you in applying for all government grants that are available to you.

Going forward, we continue to collect and administer all grants that your child is eligible to receive.

Investment growth

Your Government grants and any Contributions are carefully invested in a professionally managed, safe and secure asset mix.

With your investment income growing in a tax sheltered Plan, you RESP grows for the benefit of your beneficiary.

Receive payments from the RESP

You select your Plan's date of maturity at the time you open your Plan. When your Plan matures, you let us know about the program of Eligible Studies1 in which your beneficiary is enrolled, and we pay you your net contributions.

You tell us when and how much to pay from your SI Option Plan.2 Government grants collected over the life of your SI Option Plan are paid to beneficiaries as part of EAPs3.

1 Please consult the plan's prospectus for full information and a definition of Eligible Studies. EAPs can be paid up until Dec 31 of the 35th year following the year you open the Plan.

2 Subject to EAP limits set by the federal government.

3 Please see the Master List of Designated Educational Institutions (both in Canada and international) here.

Earn AIR MILES® Reward Miles!

Earn 10 AIR MILES® Reward Miles for enrolling in a Self-Initiated Option Plan. Receive 1 AIR MILES® Reward Mile for every $100 contributed until your Plan matures.

The Canada Learning Bond Only
Self-Initiated Option Plan

We are proud to also offer a Canada Learning Bond ("CLB") only Self-Initiated Option Plan as a means of enabling lower income families to open an Education Savings Plan in a cost efficient way that does not require contributions of the subscriber's own money.
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Investment Asset Mix as of Dec 31st 2023

Our investment objectives are to maximize long-term growth of income on subscribers' RESP savings while ensuring the preservation of those savings.

Pooling your money with other families lets you benefit from professional investment management services in a cost-effective way.

In 2023, the Foundation paid out nearly $133 Million to Canadian families enrolled in our Plans.1

1 Total 2023 payments to Canadian Families includes return of net Contributions at Plans' maturity and total Educational Assistance Payments paid to beneficiaries as reported in the Statement of Changes in Net Assets Attributable to Subscribers and Beneficiaries in our 2023 Annual Audited Financial Statements available here.

What if things change?

We understand and are always available to assist you. There are options available if you need to make a change to your Plan.
If your financial situation changes, we are available to assist you and explore options in a professional and informed manner.

Ready to invest in your child's future?

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