Choosing an RESP Provider
A Registered Education Savings Plan (RESP) can remain open for up to 36 years, so it's important to choose your definition of RESP provider wisely. Your RESP provider will play an important role throughout the life of your RESP.
RESP providers help you pick the type of plan that suits your needs. They can also advise you on making safe investments.
When your child starts using the RESP, your RESP provider will look after payments and make sure they are made according to your plan's terms.
If your child decides not to continue his/her education after high school, your RESP provider will also make sure you get your contributions back. (Certain conditions may apply.)
What about fees and conditions?
Some RESP Providers charge service fees. Some may also limit the amount of money you can put into your plan and tell you how often you can contribute.
Before you open an RESP or choose an RESP provider, it is recommended that you read the page on Consumer Information.
See Questions for RESP Providers to find out what to ask your provider.