RESP Calgary is the most widely used education savings tool in Canada. The RESP is administered by Employment and Social Development Canada (ESDC). ESDC is represented by Service Canada, which has a robust physical and online presence and is a valuable source of information about most Federal government programs. CRA also has a hand in RESP administration, given that the program features some tax benefits, and that there is some connection between income and grants and bonds.


The child is the beneficiary of RESP, and must a resident of Canada with a valid Social Insurance Number. There is no minimum or maximum age. The subscriber of the plan is typically a parent or grandparent. Curiously, it is also possible for the estate of the deceased to act as the subscriber of an already established RESP, even though a trust (which the estate is) cannot normally act as a plan subscriber.