SmartSAVER guiding Canadians through RESPs

kids in various uniforms standing in a line

Every so often, I ask my kids what they would like to be when they grow up. When they were smaller I got answers like a princess, cowboy, or candy tester. Over the years I’ve heard many different answers; veterinarian, teacher or recording artist from my daughter recently, and my son figures a firefighter, race car driver or drummer. You’d almost think I was asking what they wanted to be for Halloween. And I love it!

Kids have big dreams, and we often tell them that they can be anything they want to be if they want it bad enough and work hard to get it. I want my kids to have choices and ambitions and to be able to follow their dreams where ever that may take them. We encourage them and nurture their interests as they evolve, whether that is in the form of music lessons, a trip to the fire hall or playing pretend.  And that’s also why we started an RESP (Registered Education Savings Plan); I don’t want finances to hold my children back and it is another way to encourage them to follow their dreams.

We opened our first RESP when our oldest was four months old. Our monthly contribution is modest as we want to make sure we can always afford it, but 11 years later she already has a good chunk of change set aside to further her education. And, while we started our RESP very early on, it is never too late to open one. You don’t need to contribute more than you can afford, and can change the monthly amount at any time should your situation change. But the best part? The free money!

The Canada Learning Bond is a FREE kick-start contribution of up to $2000 into an eligible child’s RESP account.  To date, less than 40% of eligible families have claimed their Bond. That’s over 1.5 million Canadian children who are missing out on the opportunity to have their education savings started with free money.

SmartsaverNavigating through the world of finances can be intimidating, but it doesn’t have to be. SmartSAVER is here to help you out. They are a national charity who works with communities across Canada to make it easier for modest-income families to save for their children’s no fee RESP. SmartSAVER can help you step by step from choosing where to get your RESP and comparing plans, to how to access free money from the government in the from of grants and bonds, including the Canada Learning Bond.

Live in British Columbia? The B.C. government is launching their new BC Training and Education Savings Grant this fall which will give eligible children an additional $1200. To be eligible, the child must be born in 2006 or later, be a BC resident (parent too) and have a Registered Education Savings Plan. This is a fantastic time to open an RESP if you haven’t already. Already have an RESP for your child? SmartSAVER can help you make sure your child is receiving all the benefits they are entitled to.

Visit SmartSAVER at www.smartsaver.org to get started today, or to find out more information on various grants and bonds available to Canadians to contribute to RESPs. They even have an online calculator that can show you how much your contributions can become and how much free money you are eligible for based on family income, child’s birthday and monthly contributions.

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103 Comments


  1. I already knew about the Education and Training grant but it reminded me to go apply 😉

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  2. I learned that children who have RESP accounts are 4x more likely to graduate from High school. Thanks for the giveaway!

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  3. I learned that RESP is simple to fill out online in around 5 minutes

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  4. that children who have RESP accounts are 4 times more likely to graduate from high school!

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  5. I learned that children with an account are four times more likely to graduate college than if they didnt. Amazing!

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  6. I learned that the government will match 20% of your contributions!

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  7. I learned that if we qualify for the National Child Benefit Supplement, we could get up to $2,000 for our child.

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  8. I learned from their site that RESP is simple to fill out online in around 5 minutes

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  9. I learned that is pretty simple to apply and that it’s for any parent with a child born after January 1 2004

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  10. I learned that if my child was born January 1, 2004 or after, and I qualify for the National Child Benefit Supplement, I could get my child up to $2,000!

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  11. I learned that if a child was born Jan 1, 2004 or after that they qualify and it is a simple 5 minute process so easy to do.

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  12. I learned that you can play their guide in many, many languages.

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  13. I learned that children born in 2004 and after are eligible for the Canada Learning Bond

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  14. I learned that there was a National Child Benefit Supplement where we could get up to $2,000 for our child.

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  15. It only takes 5 minutes to fill out an online application. I like that.

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  16. I learned about the Canada Education Savings Grant, and how the Government will add more to your savings if you contribute to your child’s RESP.

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  17. I learned that Over 1.5 million kids are missing out on free education money through the Government of Canada’s Canada Learning Bond.

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  18. I learnt it’s quick to apply and in partnership with the major banks

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  19. I learned about Government of Canadas’ Learning Bond.

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  20. I learnt that it is quick and easy and I also learned that there is a difference between individual RESP and group RESP.

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  21. I read up on the Government of Canada’ Learning Bond. It is easy to apply and see if you qualify.

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  22. I learned about the Canada Learning Bond and the
    Canada Education Savings Grant which can help make money available for education.

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  23. I learned that there will be up to 20% received from the government for what I contribute to my child’s RESP

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  24. I learned that children who have RESP accounts are 4x more likely to graduate from High school.

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  25. I learned that it is as easy as 123 to set up an RESP for the a child.

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  26. I learned that my child requires a social insurance number of their own before I start the application process.

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  27. I learned that the government will match 20% of your contributions.

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  28. I learned that its an easy process and only require very little documentation.

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  29. I learned that most RESP’s don’t have an annual fee which is absolutely how it should be!!

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  30. I learned that making your child an RESP is as easy as 1..2..3! The government matches 20% of your contributions.

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  31. I learned that RESP is simple to fill out online in around 5 minutes

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  32. I learned that you can get grants from the government for money you put into your RESP and it is easy to apply for.

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  33. I learned that it only takes a few minutes to fill out online

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  34. I learned that it only takes about 5 minutes to get started and it isn’t as scary as I thought!

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  35. I learnt that my children can get $2000 resp from the government and that the application is very easy to fill in

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  36. I learned that children who have RESP accounts are 4x more likely to graduate from High school

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  37. I learned that the government will match 20% of your contributions – this is super cool

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  38. I learned that children who have an RESP account are 4X more likely to graduate from high school.

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  39. That children with an account are four times more likely to graduate.

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  40. I learnt it is really easy to do , want to start one for each of the grandkids.

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  41. I learned that it isn’t difficult to set up an RESP, and the child is much more likely to finish their education.

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  42. I learned that it only takes about 5 minutes to fill out apply online

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  43. I learned that The Canada Learning Bond is a contribution that’s paid right into an eligible child’s Registered Education Savings Plan (RESP), even if you don’t contribute any money yourself

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  44. I learned that children who have RESP accounts are 4x more likely to graduate from High school! That’s so interesting!

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  45. It only takes five minutes to apply!

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  46. I learned about the Government of Canada’s Learning bond.

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  47. They are in partnership with a ton of major banks, which I approve of!!! You have to really read and do a ton of research when you decide to do resp’s for kids

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  48. I learned that if your child was born January 1, 2004 or after, and you qualify for the National Child Benefit Supplement, you could get your child up to $2,000.

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  49. I LOVE THAT THEY HELP WITH GETTING ACCESS TO FEDERAL GRANTS

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  50. I learned kids with resps are 4 times as lucky to complete high school.

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  51. I learned that the application is quick and easy.

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  52. I like the info on federal grants – we set up ours straight away when our oldest was born.

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  53. I learned that it only takes 5 minutes to fill in the online application! Perfect for busy parents!

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  54. I read that children born in 2004 and after are eligible for the Canada Learning Bond 🙂

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  55. I went to Smartsaver.Org and I learned that children who have RESP accounts are 4x more likely to graduate from High school. Thanks for the awesome giveaway! 🙂

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  56. I’m surprised to learn that you can start an RESP with $0!!! That’s quite a plus!

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  57. Children with an RESP account are four times more likely to graduate college than those who don’t.

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  58. I learned that children with RESP’s are 4x more likely to graduate from high school!

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  59. I learned that there is no enrolment fee, no annual fee and no contribution required.

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  60. i learned that it is is easy to set up

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  61. I learned that there are many RESP providers to choose from, but not all offer the Canada Learning Bond.

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  62. I learned just how easy it is to fill out for a RESP online!!

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  63. I learned that the government will match 20% of your contributions

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  64. I learned that children who have RESP accounts are 4x more likely to graduate from High school.

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  65. What I learned is that there’s no enrolment fee, as well as no annual fee and theres on contribution required! How cool!!

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  66. Cool … children who have RESP accounts are 4x more likely to graduate from High school.

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  67. I learned that the government will match part of my contribution

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  68. I learned that the government will match 20% of your contributions

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  69. I learned that RESP is simple to fill out online in only 5 minutes

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  70. I learned that the government will match 20% of your contributions, I like that!

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  71. I learned the amount you get depends on your family’s net income after taxes.

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  72. I learnef thatchildren who have RESP accounts are 4 times more likely to graduate from high school.

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  73. There is no contribution required to start up the RESP.

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  74. I learned that there are several different grants available

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  75. Quick & simple form to fill out

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  76. I learned that if we qualify for the National Child Benefit Supplement, we could get up to $2,000 for our child.

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  77. There is no contribution required to start up the RESP

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  78. i leanred that it is easy to apply for

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  79. I learned that there are 3 types of RESP’s, family, individual and group.

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  80. the government will match 20% of your contributions. thanks

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  81. I didn’t know government matches 20% CONTRIBUTIONS!

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  82. I do already know a lot about RESP’s as I contribute to my boys’ plan and gift to nieces and nephews. But I was honestly surprised at the number of RESP providers in Canada; the link provided has an amazing number of sponsors on the plan.

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  83. I learned that kids with RESPs are 4 times more likely to graduate from high school. Thats awesome 🙂

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  84. I learned that the government will match 20% of my contributions.

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  85. I found out it can be done quite quickly online.

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  86. The application only takes 10 mins online

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  87. I learned that RESPs aren’t as complicated as I thought 🙂

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  88. I learned about the difference between group, individual and family RESP’s.

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  89. children who have RESP accounts are 4 times more likely to graduate from high school!

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  90. The smart Saver program has no enrollment fee, no annual fee.

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  91. I learned that you can sign up for an RESP online.

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  92. I learned that there is no annual fee for the Smart Saver program.

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  93. I learned that I could get up to $2000 for my child

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  94. I learned that the Canada Learning Bond is a contribution that’s paid right into an eligible child’s Registered Education Savings Plan (RESP), even if you don’t contribute any money yourself.

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  95. I learned that there are three types of RESP’s

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  96. I learned that it only takes 5 minutes to apply

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