Self-Directed RESP

Investing In A Child's Future

Today, getting a post-secondary education is essential for earning a decent living but its costs are rising quickly. Wages and student loan programs can't keep up. At CIBC Wood Gundy, we recognize the needs of our clients to save for their children or grandchildren's education. A popular way to save for a child's education is to contribute to a Registered Education Savings Plan (RESP). An RESP can be very effective under the right circumstances.

With an RESP, there is a lifetime limit of $50,000 per child (beneficiary). You may also potentially benefit from a Canada Education Savings Grant (CESG) of up to $500 per child per year from the government.

Flexibility, Control And Broad Investment Choice

The CIBC Wood Gundy Self-Directed RESP is designed to provide maximum choice and convenience at minimal cost. This plan provides you with access to a wide selection of investment vehicles and the professional guidance of a CIBC Wood Gundy Investment Advisor to help you select investments that are appropriate for you.

When accumulating funds for your child's education, diversifying the types of investments held in the plan can provide significant advantages over limiting yourself to one investment. Broadening the investments held can help you reduce risk over the long term and potentially increase returns. The freedom to modify your investment mix to reflect changes in the market or your personal investment objectives makes this plan the most flexible of all our RESP plans.

Get Smart About Education Saving

Your CIBC Wood Gundy Investment Advisor can help you evaluate the various options available for RESPs. Together, you can work to determine the one that's right for you and your child's future. To find out how we can help you, use our Find An AdvisorOpens a new window in your browser. tool to locate a CIBC Wood Gundy Investment Advisor near you.