Quick Plan
Optimize your withdrawals
RESP stands for Registered Education Savings Plan. It helps families save for post-secondary education.
Save thousands in taxes.
RESP grants and investment earnings are withdrawn as EAP, which is taxed as the student’s income. Contributions aren’t taxed when withdrawn. Taking more EAP in lower-income years can reduce tax, while leaving some invested gives it time to grow. RESPMax estimates yearly withdrawals to balance the two. Savings vary based on your circumstances.