One of the best ways to save for a child’s post-secondary education is through a Registered Education Savings Plan (RESP). Whether you want to save for your own children, your grandchildren, a niece, nephew, or family friend, an RESP offers flexibility, tax-deferred investment growth and direct government assistance to help you save for a child’s education.
Call or visit us today to open an RESP or to speak with an RBC advisor about the right investment strategy for your young scholar's future.
Call 1-800-463-3863 Visit Your Local Branch
An RBC advisor can help you plan an investment strategy for your young scholar's RESP.
Call 1-800-463-3863
View our guide for information on your education savings options, including RESPs.
One fund. One date. One goal.
RBC Target Education Funds are a smart and easy way to save for a child’s post-secondary education. They are designed for anyone who is uncertain of the best way to invest or who does not have the time to do it themselves. To start saving, you simply select the fund that is closest to the child’s target education date.
A portfolio designed to grow and then preserve capital
RBC Target Education Funds are made up of a portfolio of RBC Funds and feature an asset mix that evolves over time, with a greater weighting in equities in the early years and a more conservative asset mix favouring fixed income investments as the child's target education date approaches. The advantage is an investment that provides growth potential up front to help keep pace with the rising cost of education and, as the target date approaches, each fund becomes more conservative, reducing both volatility and the potential for erosion of capital.
Help ensure that a child’s education receives the priority it deserves by making ongoing contributions through an RBC RESP–Matic. With an RESP–Matic, you contribute to a Registered Education Savings Plan (RESP) regularly and automatically.
Here are a few reasons to start an automatic savings plan:
1) Calculations are for illustrative purposes only and are not intended to reflect future values or returns on investment from any mutual fund investment. Based on 7% annual compound return, these calculations also assume that the contributions are made at the beginning of every month, up to a lifetime maximum of $50,000 per child.
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