- the RESP is an education savings plan where funds accumulate tax free until a child begins post-secondary studies
- minimum investment : 25$ a month
- receive from the government an additional contribution of 20% on the first 2000$ invested each year
- maximum annual contribution of 4000$
- choice of investment options
- tax sheltered savings
- possibility of transfering unused revenue in an RRSP
- when applying for an RESP, the child must have a social insurance number
- Industrial-Alliance adds at the end of the contract a percentage (from 3% to 15%) according to the age of the child at the emission of the contract .
