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Registered Education Savings Plan (RESP)
Smart saving for your children's education
Save for your children's education with a Registered Education Savings Plan (RESP), and gain the following advantages.
With an RESP You Can:
Defer taxes on investment growth
Contribute up to a lifetime maximum of $50,000 per child
Receive annual government grants
Choose from a broad range of CDSPI investment funds
Gain These Advantages from the RESP:
Leading fund managers.
With management styles to match your objective.
A wide range of funds.
Designed to meet all your needs, including money market, bond, dividend, domestic and international equity funds, as well as guaranteed funds (equivalent to term deposits) and Managed Risk Portfolios (wrap funds).
Extra security.
Gain added security through segregated investment funds to protect your investments from claims of creditors when you meet certain conditions.
Extremely low management fees.
Ranging from 0.65 to 1.77 per cent1 depending on the fund selected — and no loads or routine service charges2 that can put a drag on your returns.
Professional assistance.
Available at no cost in setting up your plan and making investment choices* — with no sales pressure.
Eligibility
You are eligible to participate in this RESP if you are a member of the CDA or a participating provincial or territorial dental association (in Quebec, only CDA members are eligible) or if you work for a dentist who is a member of one of those associations. Your immediate family members can also participate. Staff members of the CDA, all provincial and territorial dental associations and other specified dental organizations can participate as well.
Make the Smart Choice
Open an RESP by filling out an application form and returning it with your contribution, or transfer proceeds from another institution to CDSPI by also filling out a transfer of registered investments form.3
Forms & Applications
RESP (New Account Application)
RESP Terms & Conditions
Annex A - Additional Beneficiaries
To be completed by the parent and/or guardians to apply for Canada Education Savings Grant (CESG) and Canada Learning Bond (CLB).
Annex B - Primary caregiver or their spouse and/or custodial parent/legal guardian
Annex B (instead of Annex A) is to be completed in the event that the child's primary care giver is not the legal guardian, in order to apply for the Canada Education Savings Grant (CESG) and Canada Learning Bond (CLB).
RESP Basic and Additional Canada Education Savings Grant (CESG) and Canada Learning Bond (CLB)
RESP Schedule "A"
Request to add a beneficiary to a family education savings plan.
RESP Transfer Form - Part A (Subscriber Request)
RESP Withdrawal Form
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1 Management fees are subject to applicable taxes.
2 Surcharges may be levied for short-term trading.
3 The minimum initial purchase per investment fund is $50; the minimum additional purchase per investment fund is $25; the minimum pre-authorized contribution per investment fund is $25 (with the exception of Guaranteed Funds, which are each subject to a minimum $500 deposit).
* Restrictions may apply to advisory services in certain jurisdictions.