What’s an RESP?

A Registered Education Savings Plan (RESP) is a tax-deferred investment plan that helps you save for your child’s post-secondary education so that you’ll have the funds you need when you need them. Your contributions can be supplemented by the federal government’s Canada Education Savings Grant (CESG). Unlike an RRSP, your contributions to an RESP aren’t tax-deductible but the investment income earned is tax-sheltered until withdrawn.

Learn more about the benefits of an RESP

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.

The lifetime grant maximum for a CESG is $7,200 per child.

More details on RESPs and government grants

CIBC RESP investment choices

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

Our all-in-one fund solution is an easy and effective way to hand the responsibility of managing your money to professional investment managers.

Learn moreabout CIBC Smart Investment Solutions

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.

Learn moreabout CIBC Mutual Funds

CIBC offers RESP Guaranteed Investment Certificates (GICs) in terms ranging from 1 to 5 years. These GICs provide guaranteed principal and interest, making them ideal for a diversified portfolio or self-directed investors.

Learn moreabout RESP GIC products

The CIBC Investor's Edge RESP is a self-directed plan which offers 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.

Learn moreabout CIBC Investor's Edge