How much could an individual RESP with Kaleido earn you?

GRANTS, first and foremost!

For each child, you can receive up to $12,800 in government grants!²

Really! Governments give your savings a boost every year, and for every dollar you invest, you can earn 20% to 60% in government grants.² And on top of that, it’s easy! You don’t have to do a thing: The money is deposited directly into your RESP.

Download our short summary guide

to learn all about the generous government grants associated with the RESP.

Download the guide

Withdrawal of contributions is not taxable

Your registered education savings plan contributions grow tax-free. At withdrawal, grants and accrued income are taxed in the hands of the beneficiary. Your contributions are not taxable at withdrawal.

A yield with potential

The return you could accumulate in an individual RESP is one of its greatest advantages! That’s because interest can accumulate not only on your contributions, but also on government grants. This increases the amount on which compounded returns are calculated, and the effect is exponential!

Regardless of family income, the eligible beneficiary is entitled to the Canada Education Savings Grant (CESG), equivalent to 20% of contributions made during the year, and to the Quebec Education Savings Incentive (QESI), which adds another 10% (for Quebec residents).

In addition, depending on your adjusted family net income, you may also qualify for the Additional CESG and Additional QESI.

Note that the federal government also offers the Canada Learning Bond (CLB), an additional incentive of up to $2,000 (without spending a single dollar!) to help low-income families.²

Questions about RESPs?

We’d be delighted to answer your questions and help you through the education savings process.