Canada — Education / Family
These plans are built for long‑horizon family goals—most commonly education funding and long‑term support for eligible beneficiaries. They can add meaningful value through tax-deferred growth and, in many cases, government grants or bonds. Use the cards below to see what each plan is designed to do, how withdrawals are typically treated, and the key rules that can affect eligibility and benefits.
RESP — Registered Education Savings Plan
Education savings account with tax-deferred growth and potential government grants; withdrawals for school are often taxed in the student’s hands.
Learn more →RDSP — Registered Disability Savings PlanLong-term savings for eligible individuals with possible government grants/bonds; growth is tax-deferred and early withdrawals can affect grant/bond entitlements.
Learn more →Educational only. Always confirm limits and withdrawal rules with CRA resources or a qualified professional.