Play a role in your child's future!

When you open a Registered Education Savings Plan (RESP) you're playing a role in helping your child lead and succeed tomorrow.


  • Your savings grow 100% tax-free
  • Your participation is flexible - there's no minimum or maximum annual contribution
  • Use the savings for your child's full or part time studies
  • An RESP can be opened by any adult (doesn't need to be the parent)

RESP's helps parents, family and friends save towards a child's post-secondary education.

Grants Available

Canada Education Savings Grant (CESG) Expand/Collapse

The CESG provides grants to all RESP contributors, regardless of income, until the beneficiary reaches the age of 17. The CESG provides 20% on the first $2,500 in annual contributions up to a maximum of $500 per year per beneficiary. Learn more>

Canada Learning Bond (CLB) Expand/Collapse

The CLB program provides families that receive the National Child Benefit Supplement a $500 bond to an RESP. Families will also receive a $100 bond instalment until age 15 for each year their family is entitled to the supplement. The great thing about the Learning Bond is that families do not have to put any money in an RESP to receive the bond; you just have to have a certain net income.
Learn more>

B.C. Training and Education Savings Grant (BCTESG) Expand/Collapse

The BCTESG is a one time $1,200 provincial incentive available to children born in 2006 or later. You do not need to contribute to an RESP to receive the grant; however, there are application deadlines you need to meet in order to receive the grant. Learn more>

How to get started

There are a lot of benefits to an RESP. If you're ready, this is what you need to do:

  • Apply for a Social Insurance Number (SIN) for your child, if they don't already have one
  • Meet with a Northern Savings representative and talk about which RESP is right for you
  • Complete grant applications with the help of our team

Set-up automatic contributions to the RESP account and watch your savings grow

While you don’t have to make contributions to receive the CLB or the BCTESG, if you do contribute to your child’s RESP regularly, your savings can really add up.

    Individual contributions:
    Government grants:
    Projected earnings:
    Estimated education costs: