RESP

Registered Education Savings Plan (RESP)

Let the government help you with your child's education!

How the account works

A Registered Education Savings Plan helps you secure your children’s future.
  • The government contributes 20% annually on the first $2,500 deposited into an RESP. (That’s $500.)
  • Deposits can continue until the end of the year the beneficiary turns 17.
  • Competitive rates help maximize your benefits over time.
  • Available as a variable rate or fixed rate deposit.
  • Funds on deposit at Fusion are guaranteed 100% without limited by the Deposit Guarantee Corporation of Manitoba
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