Flex First

Savings Unique to You

Flex First is an individual RESP built around an education savings goal that is unique to your child. Offering maximum flexibility, with Flex First you can:

  • Choose your savings goal, and how much and how often to contribute
  • Contribute additional funds to reach your savings goal faster
  • Choose the amount and timing of RESP withdrawals

Additional Bonuses

With a Flex First Plan, your child can receive these unique bonuses:

  • Loyalty Bonus of 0.66% a year on your monthly contributions, paid out when your child enrols in a post-secondary program
  • Discretionary payments from Knowledge First Foundation, which may supplement Educational Assistance Payments to your student

How Your Money Is Invested

With a Flex First RESP, you don’t have to worry about making investment decisions or managing a portfolio. We take care of that for you with a strategy focused on providing steady growth in your investments over the long term.

Your contributions, along with government grants and the income earned on both, are invested mainly in Canadian fixed-income securities such as federal, provincial and municipal bonds, mortgage-backed securities, treasury bills and investment-grade corporate bonds. A portion may also be invested in Canadian and U.S. equities or exchange-traded funds (ETFs), which have the potential to generate dividend income and capital gains.

Government Grants

An RESP is the best way to save for post-secondary education because contributions are eligible to receive education savings grants. Determine which government grants are available to you.


Forms & Resources

  • Social Insurance Number Application

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  • Canada Education Savings Grant and Canada Learning Bond

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  • Application for British Columbia Training and Education Savings Grant

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We’re Here to Help

Whether you’re ready to start saving for your child’s education or have questions about Flex First or any of our plans, a Knowledge First Financial Representative will be happy to help you.

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