Manage Your RESP

Manage Your RESP

Your education savings journey

Saving for a child’s post-secondary education is a long-term journey, one that can be very rewarding if you stay the course.  Your RESP has the flexibility to keep pace with your life, even as your circumstances change along the way.  You can adjust your goal, your contributions, the plan beneficiary or even the plan itself.

Your Goal

When you started your RESP, you set a savings goal for your child’s education that you wanted to achieve. But over the years, your financial situation can easily change. You might want to increase the original goal to work towards a larger savings amount for your child; or maybe you have another child and need to adjust your goals to save for both children.

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Your Contributions

You can change both the amount and the timing of your RESP contributions at any time to better suit your needs. A change to bi-weekly contributions could be better for you than monthly. Depending on your financial situation, you might want to increase your contribution amount or scale back for a period of time.

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Your Investments

One of the many benefits of our RESPs is that you don’t have to worry about making investment decisions. We manage your investments for you with a low-risk, conservative investment strategy that builds value over time.

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Customer Service

For Flex First, Family and Classic plans:
Toll Free: 1 800 363-7377
TTY: 1 877 694-7944
8AM to 8PM EST,
Monday to Friday
Contact us

For Heritage Plans:
Toll Free: 1 800 739-2101
7AM to 11PM EST,
Monday to Thursday
8:30AM to 6:30PM EST,
Friday
Contact us
 

 

Maximize Your Grants

Make sure you are taking full advantage of all the federal and provincial grants available to you. This includes how to leverage carry-forward rules if you can’t contribute the maximum every year. 

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Change Your Plan

As your family situation evolves, you may want to make changes to your RESP. You can switch from a Group RESP to an individual plan, name a different beneficiary or make changes to the subscribers of the plan.

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“If you save for your children’s education, you can have more left for your own enjoyment.”

Howard Besser
Knowledge First Financial customer

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