How much can I invest?

The lifetime RESP contribution limit is $50,000 per child and contributions can be made until the child turns 31. There is no annual maximum contribution limit.

The Canada Education Savings Grant (CESG) from the federal government may add to your RESP contribution, up to $500 per year, per child. If there is unused grant room from previous years, the CESG could be up to $1000 per year, per child through additional contributions. The CESG is payable until the end of the calendar year a child turns 17, and the maximum lifetime CESG payment is $7,200.

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CIBC RESP investment choices

We offer a number of CIBC investment solutions for your CIBC RESP portfolio:

CIBC Managed Portfolio Services, our "All-In-one Fund Solution"

Many investors don't have the time or expertise to build a diversified portfolio and constantly monitor and adjust it. CIBC Managed Portfolio Services, our "All-In-One Fund Solution", is an easy and effective way to hand the responsibility of managing your money to professional investment managers.

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CIBC Mutual Funds

Whether you're a savings-oriented investor, a growth-oriented investor, or somewhere in between, we offer a comprehensive selection of individual mutual funds with a full range of savings, income, and growth funds, as well as one of Canada's largest family of index funds.

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CIBC offers RESP Guaranteed Investment Certificates (GICs) in terms ranging from 1 to 5 years. These GICs provide guaranteed principal and interest, making them an ideal part of a diversified portfolio.

Or for self-directed investors…

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CIBC Investor's Edge®*

The CIBC Investor's Edge RESP is a self-directed plan, which allows you access to stocks, bonds, GICs and more than 2,000 mutual funds. The hallmarks of a self-directed RESP are flexibility, control, and broad investment choice.

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Back to school convenience

A CIBC Personal Line of Credit can be a simple and convenient borrowing option to help cover education expenses.

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Benefits of an RESP

  • Government Contributions
  • Tax-sheltered growth
  • Flexibility
  • Tax savings

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