Grandparents, prepare for your grandchildren's future
A registered education savings plan (RESP) will provide financial support for a child’s post-secondary education. The great thing about RESPs is that every dollar invested is matched by generous government grants!
Start my education savings project
Why invest in your grandchildren's future with an RESP?
Grandparents too can open an RESP to help their grandchildren reach their full potential!
You save tax-free, and the earnings are not taxable.
You get a minimum of 30% (20% in New Brunswick) in grants on every dollar invested1.
Give your grandchildren an inheritance today!
Family support with your RESP
As a grandparent, you can play a vital role in supporting your grandchild through the family accompanying services that come with a Kaleido RESP. You have access to many perks that are free or available at preferential rates:2
- Family coaching
- Tutoring and academic support
- Health and well-being
- Career guidance
- Family finances
A solid foundation for your grandchild’s development and growth!
Jean-Robert De Roo, subscriber and grandfather
As a father and grandfather, my choice to invest with Kaleido stems from values I believe in and wish to impart. We all want our children to succeed and to reach their full potential.
Advice adapted to your situation
For more information about RESPs, please complete the form below.
A scholarship plan representative will be happy to contact you shortly to answer any questions you may have. Filling out this form does not constitute a commitment on your part.
Would you prefer to call us now? Call 1-855-476-7088.
Frequently asked questions
Is there an age limit for subscribing to an RESP?
There is no age limit for opening an IDEO+ RESP.
What happens if i die?
The person who takes care of your estate (the liquidator) will be responsible for managing the funds in your RESP. So you need to make sure your wishes are clearly documented in your will.
How do government grants work?
Government grants are based on the adjusted net family income of the child’s parents. The funds will be deposited directly into your RESP.
I have several grandchildren. Can i open more than one RESP?
Of course! You can open an RESP for each of your grandchildren.
My child already contributes to an RESP. Can i open one for the same beneficiary?
A child can be the beneficiary of more than one RESP. However, there is a lifetime contribution limit of $50,000 per child, so be sure to coordinate your contributions with the parents’ contributions. Coordinating your contributions to your respective RESPs will also help you reach the $2,500 annual limit per beneficiary to obtain maximum government grants.
What happens to my money if my grandchild decides not to pursue a post-secondary education?
Your contributions3 will be refunded to you at maturity, even if your child does not go to post-secondary school.
You can also take advantage of the following options, subject to certain conditions:4
- Transfer the RESP to another child
- Transfer the accumulated income to an RRSP
- Withdraw the accumulated income (in the form of accumulated income payments)
1. Canada Education Savings Grant (CESG) of 20% to 40%. Based on adjusted family net income. Quebec Education Savings Incentive (QESI) of 10% to 20%. Based on adjusted family net income. Certain conditions apply. Check out our prospectus at kaleido.ca.
2. Some conditions and limitations apply. The promotions, benefits and other advantages of the family accompanying services are subject to change without notice and may not be available in certain areas.
3. Savings invested in Treasury bills, government bonds and quality companies. Refunds of contributions are subject to investment risk. Some conditions apply. See our prospectus.
4. For full details on these options, see our prospectus.