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Is it possible to cease the payments to our RESP?

We opened a second plan and would like to stop our payments with Kaleido. What will happen to our money? Can we transfer it to the other RESP account?

OUR ANSWER

Yes, it’s possible to stop the contributions to your RESP.

You can keep your savings at Kaleido or transfer these to another RESP promoter. You have several options, depending on your situation and the plan you opened.

To fully understand the impact of such a transfer and the fees that could ensue, please contact our Customer Service at 1 877 710-7377. Our agents will help you make the best decision.

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