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What types of RESPs are available?
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Family plan RESP: You (the subscriber) can name more than one child as a beneficiary of the plan. But, all beneficiaries must be your child, grandchild, great-grandchild or sibling, by birth or adoption. If the child for whom the plan was originally intended doesn’t go to post-secondary education, another child named in the plan can use the funds.
Individual plan RESP: You (the subscriber) can name only one child as the beneficiary, and the child doesn’t have to be related to you.
- How do I receive government assistance for the RESP?
- What’s an RESP?
- What type of mortgages does Simplii Financial offer?
- What are the benefits of opening an RESP?
- Do I need to provide the beneficiary's Social Insurance Number when I open an RESP?
- What mutual funds are available to Simplii Financial clients?
- When are my deposits available?
- Is the special management fee rebate on mutual funds available for Simplii Financial clients who are residents of Quebec or non-residents of Canada?
- How can I apply for a credit limit increase?
- How do I know when my foreign cash order is delivered or ready for pick up?
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