Registered Education Savings Plan


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Related to Registered Education Savings Plan: Registered Retirement Savings Plan

Registered Education Savings Plan

In Canada, an account into which a person makes contributions up to a certain limit in order to save for a university education and from which he/she begins to take distributions to pay for tuition and other expenses. A Registered Education Savings Plan allows for tax deductible contributions and taxable distributions; that is, contributions are tax-deferred until withdrawals are made. Registered Educations Savings Plans may be invested in securities and usually own common stock and certificates of deposit. See also: Registered Retirement Savings Plan.
References in periodicals archive ?
MISSISSAUGA, Ontario, June 24, 2015 /PRNewswire/ -- Knowledge First Financial is a recognized leader in the creation and maintenance of registered education savings plans or RESPs throughout Canada.
When you put your money in a registered education savings plan, you don't have to be taxed on the growth of that money.
No amounts are to be reported on the unitholders' 2005 Income Tax Return where Trust units are held within a Registered Retirement Savings Plan (RRSP), Registered Retirement Income Fund (RRIF), Registered Education Savings Plan (RESP) or a Deferred Profit Sharing Plan (DPSP).
Under the terms of the contract, COGNICASE's Financial Products Group will continue to develop, deploy and host software designed to process the Registered Education Savings Plan (RESP) Portfolio product for TD Waterhouse customers.
Depending on your personal situation, RRSPs, Tax-Free Savings Accounts (TFSA), Registered Education Savings Plans (RESP) and Registered Disability Savings Plans (RDSP) can offer significant tax benefits for your investment savings.
Exempt Canadian registered retirement savings plans (RRSPs) and registered education savings plans (RESPs) from the Form 3520-A filing requirements and their U.
Though popular, registered education savings plans and the related Canadian education savings grants are a needless, complex and ill-targeted way of supporting postsecondary education.
What are Registered Education Savings Plans (RESPs)?

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