RESP – have you started a plan for your children or grandchildren?

Helping to fund a child’s post-secondary education is one of the most important investments you can make in their future, especially in today’s competitive environment where a good education is crucial to success.  Yet, with the rising cost of tuition fees and living expenses, personal savings alone may not be enough to cover the cost of higher education.  Introducing the Manulife Segregated Fund RESP, a new investment solution to help you save for a child’s future post-secondary education needs.


  • A Registered Education Savings Plan (RESP) is a flexible and convenient way to save for a child’s future education
  • Government incentives are available to qualified Student Beneficiaries to help RESP savings grow
  • Investment income generated in an RESP is tax-sheltered as long as it remains in the plan
  • When withdrawn, plan growth and government grants can be taxed at the student’s tax rate (he or she could pay little or no tax on this money)
  • There is no annual contribution limit with an RESP, but the lifetime maximum is $50,000 per Student Beneficiary
  • Anyone can open an RESP – parents, guardians, grandparents, other relatives, or friends
  • A segregated fund contract offers protective features, including death benefit and maturing guarantees

The rising cost of education