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The easy way
to RESP.

Skip the bank, and open a plan in minutes from home. 
Start saving for your child’s education with a best-in-class Registered Education Savings Plan (RESP).

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No guesswork
Our RESP grows your savings early, keeping it safe later, and maximizes your government grants.
Save on your terms
No minimum contributions or hidden fees. Just $5/week can add up to a full year’s tuition.
Easy to get started
Open your RESP in minutes. The sooner you start the faster you’ll begin earning grants and interest.
Mobile screen showing an Embark RESP family plan dashboard for Max and Grace, with a balance of $44,546, a 1.09% annual gain, and options to add money or add a child. Also shows $3,500 in total government grants.

Registered Education Savings Plan (RESP)

What is an RESP?

An RESP (Registered Education Savings Plan) is a special savings account that helps parents save money for their child’s post-secondary education.

How does an RESP work?

Add to your RESP and get a 20% government match, up to $500 a year and $7,200 total per child. You’ll earn interest on all contributions – tax-free.

Who is an RESP for?

An RESP is for anyone—parents, guardians, or family members—who wants to save for a child’s education, grow their savings tax-free, and take advantage of government grants.

Open in minutes.
From home.

We get it, you’re a busy parent. That’s why with Embark you can open an RESP online with just one account holder. You can easily add a joint account holder or more children later.

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Want government grants?
We’re on it.

We know the ins and outs of government grants so you can focus on other things. Earn up to $7,200 or more per child in federal grants and provincial grants.

A dad and daughter laughing while the dad tries to do a push-up with the daughter on top

Even small savings add up.

Raising a family is expensive. So whether it’s every month or once a year, you set the savings schedule. Just $5/week can add up to a full year’s tuition.

A father and son sit in front a laptop and enjoying quality time together.

The only RESP with gifting.

Because you don’t have time for bank transfers and phone calls, Embark is the only RESP that lets friends and family contribute directly in the plan.

A young person beams with joy while looking at a RESP gift for their child from their dad, showcasing a moment of love and surprise.

Top choice of over
1 million Canadians

For over 60 years, we’ve helped fund post-secondary education for more than 850,000 students. Unlike traditional banks, we’re owned by a not-for-profit foundation that puts Canadian families first—reinvesting profits into scholarships to help even more students succeed.

  • Managing $6.5 billion in assets
  • 850,000 children funded for Universities/College
  • 60 years of education savings expertise

Have the money.
When it’s time.

Government grants may vary based on your residence.
Rate of returns

Your RESP Savings

$34,945 - by 2043

Projected Savings

  • $21,700 Contributions
  • $4,340 Grants
  • $8,905 Income

Average Cost of Education

$39,263Tuition
$114,024Tuition & Residence

This projection is based on assumptions and is for illustrative purposes only. Investment returns and actual future value of your RESP cannot be predicted or guaranteed.

Embark Student Foundation

Embark Student Foundation is a not-for-profit corporation and owner of Embark Student Corp. For over 60 years, the foundation has focused on making education planning and saving easier for all, and has awarded nearly $57 million to Canadians.

Recognizing outstanding students: Almost $2 million awarded to students in recognition of their outstanding achievements and contributions to community.

Embark Major Grant Program: Launched in 2023, the Embark Student Foundation Major Grant Program awards millions to post-secondary institutions to support innovative programs, services and initiatives that have a positive impact on student experiences in Canada.

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Major grant recipients
Algonquin College-greyscale
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A man and his son sit together in their cozy dorm room, surrounded by books and personal items.

The future only feels far.

They say you get 18 summers with your kids. That’s also 18 years to save for their future. The sooner you open an RESP, the more you can save for their post-secondary education.

The Money Major

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