Education Savings Account (RESP)

Plan for your children’s future


Invest in the power of education

Our RESP is designed to make educational savings simple, rewarding, and tax efficient. A Registered Education Savings Plan (RESP) is a specialized savings account designed to help Canadians save for a child's postsecondary education. What makes it extraordinary is the ability to earn government grants and investment income on a tax-deferred basis until the funds are withdrawn for educational purposes.

Educational earning as easy as ABC

Tax-deferred growth
Investments within a RESP grow tax-deferred, meaning you won't pay taxes on earnings even when funds are withdrawn.
Withdraw when needed
When it's time for postsecondary education, funds can be withdrawn to cover educational expenses.
Boost savings with grants
One of the standout features of RESPs is the potential to receive government grants.

How Luminus supports your education journey

Easy account opening
Our user-friendly process ensures you get started on securing your child's educational future with ease.
Expert guidance
Unsure about investment options? Our Member Relations experts are here to guide you through the process, helping you make informed decisions that align with your goals.
Maximize available grants
We'll work with you to maximize government grants, ensuring you leverage all available opportunities to boost your RESP savings.
Monitoring and adjusting
Our financial advisors are here to assist you in optimizing your strategy based on your evolving educational savings goals.
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Secure a bright future for your loved ones

At Luminus, we recognize that each child is unique, and so are their aspirations. Let's embark on this educational savings journey together, because every dream deserves the opportunity to flourish!
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Frequently asked questions

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