RESPs

Post secondary costs have become increasingly expensive and are projected to rise even more by the time your children and grandchildren are ready to go to college or university. 

Registered Education Savings Plans (RESPs) are in place to incentivize early savings for your loved ones' schooling, so that you can subsidize if not cover all associated post-secondary costs.

The beauty of RESPs is that it not only provides a tax-deferral mechanism that supercharges compounding growth, but it also allows beneficiaries to receive as much as $7200 in lifetime federal grants.

At Shell Employees' Credit Union, you can count on us to walk you through the RESP application process. We'll ensure that you receive all the grants you're eligible to receive, and even help you determine the best investment approach for the money inside your RESP.

Ready to open an RESP? Schedule a meeting with our financial experts now!