The Registered Education Savings Plan is now available to all CEIRP members

Now saving for a child’s education is even easier. This product is designed for:

• Families with one or more children
• Families with large age differences
• Individual(s) who wish to establish an RESP for themselves or a non-related individual

Contributions to your RESP can be made either by:

1. Pre-authorized contribution (PAC)
2. Online banking bill payment
3. Transferring non-restricted NRSP funds through the Canada Life call centre (contributions can’t be made directly through payroll to the RESP), or
4. Mailing a personal cheque directly to Canada Life

Investment Options and Fees
The RESP plan consists of Canada Life’s Target Date Education Funds: 2025, 2030, 2035, 2040 and the Study Fund. The investment management fee is set at 1.5%. Schedule of Fees.

Once the account is established, the plan member can change their allocation:

• TD Index Funds: Canadian Bond, Canadian Equity, Balanced, US Equity, International Equity, Global Equity
• 1yr, 3yr, and 5 yr GIAs at the interest rates posted under Net unit values & rates

Government Grants
When you open this savings plan, Canada Life will apply for these grants and bonds on your behalf:

• Canada Education Savings Grant
• Canada Learning Bond
• British Columbia Training and Education Savings Grant
• Quebec Education Savings Incentive