Wow Your Employees with an RESP
Attract. Retain. Motivate.
Wow your employees by adding the registered education savings plan (RESP) to your benefits package.
With the RESP Corporate Program offered by Kaleido, you can stand out as a progressive, people-focused employer. It’s an effective loyalty-building strategy, since RESPs are still rarely offered as a benefit on the job market.
Attract and retain top talent for your organization!
What Is an RESP?
A registered education savings plan (RESP) is an investment vehicle specifically designed to help people save for a child’s post-secondary education. RESPs offer a host of advantages. Not only do your savings grow tax-free, but RESPs are also the only financial product eligible for education savings grants! What’s more, anyone—parents, grandparents, relatives, and even family friends—can open a plan to save for the education of a child they love!
Want to learn more about RESPs? Find out how it all works.
A Program Tailored to Your Needs
Since every organization is different, the RESP Corporate Program offers several options to help you find the perfect fit for your company and employees or members.
Being progressive doesn’t have to be expensive! The key is to invest in what matters most: the well-being of your employees and their loved ones.
Without Employer Contributions
- Host on-site information sessions
- We go the extra mile to make things easy for your staff and offer personalised, individual appointments in your offices
- Introduce RESP payroll deductions
- Offer the option to convert performance bonuses into RESP contributions
With Employer Contributions
- Contribute directly to the RESPs of your employees
- Performance incentives: offer an RESP contribution as a performance bonus
- Offer an RESP contribution to employees returning from parental leave
Kaleido Manages Your RESPs for You
Kaleido offers administrative simplicity for employers by managing your RESPs and provides ongoing support. Now that’s a winning strategy!
There are a number of communication tools you can use to inform your employees about the new benefit:
Information Sessions
- Engaging, interactive presentations
- Different length options
- Where and when they work for you
Customized Documentation
- Information brochures
- Leaflets with entries for the annual contest
- Account opening forms
- Email templates
- Posters
For more information about the RESP Corporate Program, contact us at respcorporate@kaleido.ca
This simple tool will help you calculate how much your child’s postsecondary education could cost.
Takes about 5 min.
1.Canada Education Savings Grant (CESG) of 20% to 40% and Quebec Education Savings Incentive (QESI) of 10% to 20%, based on adjusted family net income. The annual CESG limit is set at $600 and the lifetime limit is set at $7,200 per child. The annual QESI limit is set at $300 and the lifetime limit is set at $3,600 per child. CLB: Canada Learning Bond of up to $2,000 per beneficiary. Grant offered for children born after December 31, 2003, whose families meet the financial criteria established by the federal government. Certain conditions apply; please see our prospectus.
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