Our line of RESPs,
savings accounts, and family-friendly investments
We know that nothing is more important than your children’s future. That’s why we offer a full line of RESPs and the opportunity to make the most of them so you have peace of mind while planning for your children’s education and future.
IDEO+: Education savings for all
Kaleido adapts to your budget and preferences with three different plans to choose from: IDEO+ Adaptive, IDEO+ Conservative, and IDEO+ Responsible.2
- Intended for clients with a moderate risk tolerance.
- Variable return potential.
- Adaptive investment strategy that can be adapted to the age of the child.
- Respects Kaleido’s Sustainable Investment Policy.
- Contribute to your RESP at your own pace. Choose how much and when to contribute4. No minimum initial contribution.
- Maintain access to your savings if you need to withdraw them before maturity.
- Intended for customers with low risk tolerance.
- Variable return potential.
- Conservative and adaptive investment strategy.
- Respects Kaleido’s Sustainable Investment Policy.
- Contribute to your RESP at your own pace. Choose how much and when to contribute4. No minimum initial contribution.
- Maintain access to your savings if you need to withdraw them before maturity.
- Intended for clients with a moderate risk tolerance.
- Variable return potential.
- Adaptive investment strategy that can be adapted to the age of the child.
- Respects and even goes beyond Kaleido’s Sustainable Investment Policy. This RESP incorporates impact investing principles to generate more positive environmental and social impacts.
- Contribute to your RESP at your own pace. Choose how much and when to contribute4. No minimum initial contribution.
- Maintain access to your savings if you need to withdraw them before maturity.
Education savings: Preparing for tomorrow
A Registered Education Savings Plan (RESP) allows you to plan ahead for your children’s post-secondary education1 by saving at your own pace and taking advantage of generous government grants. Kaleido offers an RESP tailored to the reality of every family with its IDEO+ line of plans for different investor profiles.
All our scholarship plans are invested in accordance with our Sustainable Investment Policy and take into account environmental, social, and governance (ESG) criteria. To learn more, consult our general conditions.
Questions? Feel free to contact us, we’ll be happy to help.
Use our calculator to get an estimate of what an RESP could do for you, based on your contribution preferences.
Takes about 5 min.
An RESP for every family: The CLB
At Kaleido, we want our Registered Education Savings Plans to be accessible to as many people as possible. So we’ve come up with different ways for you to benefit from them. For example, financially eligible families who open an RESP at Kaleido can receive the Canada Learning Bond (CLB)5 and get up to $2,000 per child! What’s more, with an IDEO+ CLB, there is no minimum contribution requirement4 and no recurring contribution requirement.
The RESP at work
As an employer, you can show your employees that you care about their families by adding an RESP to your benefits package through the Kaleido Corporate Program. Companies rarely offer an RESP, but this benefit will definitely make a real difference to your employees.
RESPs make great gifts
Whether you’re celebrating the arrival of a new baby, a birthday, or any other special occasion, we truly believe there is no greater gift than the gift of education. That’s why we’ve created RESP gift certificates. Your loved ones can put your gift toward an existing RESP or use it to open a new plan.
Returns: A key aspect of the RESP
Obviously, one of the biggest advantages of opening an RESP is that you can earn returns. Your return is usually expressed as a percentage and corresponds to the increase (or sometimes decrease) in the value of your investment. For example, if you have $1,000 in your RESP and its value increases to $1,050 the next year, you have earned a 5% return. The secret to maximizing your return? Time! Your return for the following year will be calculated not on your original $1,000, but on the $1,050 you now have.
You can get an idea of your return based on the amount of your payments and how long you’ve been making them using the return calculator on the Autorité des marchés financiers (AMF) website (in French only). Add in government grants and you can see the appeal of an RESP!
Of course, we understand that the return on your RESP is not everything. That’s why Kaleido Financial Services also offers a range of insurance and investment products to help you cope with life’s challenges and safeguard your family’s finances.
Get the most out of your RESP
If you’ve had an RESP for a few years now and haven’t been contributing the maximum amount each year, chances are you could get more out of it thanks to generous government grants.
If your situation allows, you can contribute up to $2,500 a year to your RESP, which will allow you to take full advantage of government grants. If you haven’t contributed the maximum each year in the past, you may even be able to reclaim your unused contribution room under certain conditions.3
For example, a $2,500 contribution combined with a $2,500 catch-up year could earn you up to $1,500 in one-time grants, paid directly into your RESP. To get the most out of your RESP, it’s important to review your investment strategy throughout your subscription.
Disbursing your RESP is easy
It’s up to you as the subscriber to make withdrawals from your RESP and decide how to allocate the money. As soon as your beneficiary has proof of enrolment in a post-secondary program, you can begin disbursement. It’s a good idea to plan ahead to ensure you’ll have funds available the whole time your child is in school. Note that there are two basic conditions for withdrawing funds from an RESP. First, the beneficiary must be enrolled in an eligible program of study1, and second, the beneficiary must be at least 16 years of age.
For more information about eligible programs, see the List of Designated Educational Institutions in Quebec and New Brunswick on the Government of Canada website.
It’s usually best to start by withdrawing grants and accumulated returns (Education Assistance Payments, or EAPs), to allow your contributions to grow for as long as possible. Note that when EAPs are disbursed, this income is included in the beneficiary’s taxable income at their own tax rate, which is generally very low. Contributions, whether paid to the beneficiary or returned to the subscriber, are not taxable.
Education savings that come with family coaching6
As you can see, our mission is to support you and your family. And to do so, Kaleido offers support for many aspects of life, including tutoring and academic support, family coaching, health and wellness, career counselling for teens, and family finances. Kaleido goes the extra mile to help your family meet the challenges of everyday life.
REFLEX, INDIVIDUAL, and UNIVERSITAS plans
These plans remain in effect for subscribers who are already contributing to them.
However, the REFLEX, INDIVIDUAL, and UNIVERSITAS plans are no longer available to new clients. We are confident that our IDEO+2 line will have a plan to meet your needs!
You can consult the documents on our old plans here: financial documents.
Learn more about our education savings offer
If you have any questions about education savings and RESPs in general, our different IDEO+2 RESPs, or any other Kaleido service, check out our FAQ!
Contact one of our scholarship plan representatives. They have extensive experience with education savings and will be able to advise you based on your goals and financial situation.
If your child decides not to pursue post-secondary education, there are a number of options available to you, under certain conditions:
- Transfer the RESP to another child
- Recover your contributions and transfer the accumulated income to an RRSP
- Cash in your accumulated income (through an accumulated income payment)
Contact us for more details.
No, there are no subscription fees to open an RESP from our IDEO+ line.
If you already hold one of our previous group plans (REFLEX or UNIVERSITAS), an amount equivalent to the subscription fee will be reimbursed to you at maturity. Reimbursement of subscription fees at maturity is offered exclusively at Kaleido.
Our prospectus has everything you need to know about our RESPs and related fees. Check it out for more information.
1. Some conditions apply. For the complete list of eligible programs, please see our prospectus at kaleido.ca.
2. The IDEO+ Adaptive, IDEO+ Conservative, and IDEO+ Responsible plans are three separate scholarship plans promoted by the Kaleido Foundation and distributed by Kaleido Growth Inc. See our prospectus at kaleido.ca for more details.
3. Recover unused past grants with contributions up to a maximum of $5,000 per year. Talk to your representative.
4. Minimum contribution of $10. See our prospectus.
5. Canada Learning Bond (CLB) of up to $2,000 per beneficiary, for children born to financially eligible families after December 31, 2003. Some conditions apply. See our prospectus.
6. Some conditions and restrictions apply. The promotions, benefits, and other perks of the family support services are subject to change without notice and may not be available in some areas.