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What are the minimum and maximum contribution amounts for an RESP?

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Minimum: To open a Simplii Financial RESP, you can either contribute $25 a month or $500 as a lump sum.

Maximum: The lifetime RESP contribution limit is $50,000 per child. There’s no annual maximum contribution limit. There may be restrictions based on the plan type and the beneficiary’s age.

"SIMPLII FINANCIAL" and the SIMPLII FINANCIAL DESIGNS are trademarks of CIBC. "Simplii Financial" is a division of CIBC. Banking services are not available in Quebec.
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