The RESP that gives
you more
The Embark Student RESP is the only plan in Canada that is tailored to grow your education savings early and adapts as school gets closer. Start now with no minimum contribution and only 8 minutes to open. Its the most flexible RESP in Canada and it’s the easiest way to get your education savings started.
Children grow fast. Your RESP should too
$0
upfront cost to get started
8 minutes
to open an RESP online
18.33%
investment return in 2024¹
$12,800
in federal and provincial government grants
Get more from your RESP
More flexibility. More savings. More peace of mind.
Earn free money
Government grants are our specialty. We handle everything, so your RESP automatically receives up to $12,800 per child. Free money!
Invest with confidence
Our best-in-class RESP is designed to grow your investment early and helps keep it safe as school gets closer.
Save what you can when you can
Whether it’s every month or once a year, you set the schedule that works for you and your budget.
Get more than just an RESP
It takes a village, and for everything else, we have trusted partnerships to meet all your needs.
Get the gift of education
With just a click, loved ones can contribute to your child’s savings. No bank calls, no hassle, only at Embark.
Not all RESPs are created equal
At Embark, we do one thing, and we do it better than anyone else: helping you get the most out of your education savings. With a best-in-class RESP, no minimum contributions and automatic grant applications, we make saving for your child’s future simple, flexible and stress-free.
| Advantage | Embark | 5 big banks² |
|---|---|---|
| Time to open | 8 minutes | 1 hour³ |
| Minimum investment | $0 | More than $400⁴ |
| Investment fees | 1.65% | 2.02%⁵ |
| Glide path investment | ✓ | ✗ |
| Intelligent alerts | ✓ | ✗ |
| Personalized goals | ✓ | ✗ |
| RESP Gifting | ✓ | ✗ |
| Online withdrawals | ✓ | ✗ |
| Offers from our partners | ✓ | ✗ |
| 4.5 star rating on Google reviews | ✓ | ✗ |
No more “someday”
Start saving now
Open an RESP in 8 minutes
Parents are busy. We get it! Open your child’s RESP online in just 8 minutes. Start earning interest and government grants right away.
More children? Add as you grow
Start with just one parent and one child. Easily add a joint account holder anytime and add more children to the RESP online whenever you’re ready.
We’re here to help
Education savings can feel complicated, but we make it simple. From start to finish, we’re here to guide you every step of the way.
Big futures, real costs
A $100 monthly contribution could cover tuition
First-year tuition can cost up to $16,000. Around 60% of Canadians save for tuition first and contribute an average of $100 a month. Contribute as much as you can and use our other features, like Embark Gifting, to give you a boost.
Then save for residence and meals
A big financial decision is to live on campus, or live at home. Living on campus can cost up to $30,000 a year. Saving $208 per month will help maximize your grants, and could cover most residence costs.
Save for the unexpected
Will they go to college for a year or university for 8 years? At Embark, we will help you customize a savings plan no matter what they decide.
When it’s time to embark
Simple online withdrawals
When it’s time for school, Embark lets you withdraw online. Track your money in real time and know exactly when it’s arriving. No bank visits, no hassle.
Withdraw wisely
We help you withdraw grants and interest first, so your contributions last longer. Plus, when you withdraw, any earnings are taxed at your child’s lower income rate. Smart and strategic!
Manage multiple children
Two or more children in school? No problem. We help you withdraw strategically, so there’s plenty left for the second (or third) child!
If not now, when?
Saving even $5 per week could add up to a full term of tuition. The earlier you start, the more you benefit. Get started now, it only takes a few minutes.
Frequently asked questions
Useful resources
Legal disclaimers
1. *Returns reflect cohort with children born 2024-2026 which has a 90% equity allocation. Past performance is not an indicator of future returns.
2. Big 5 Canadian Banks: BMO, TD, RBC, Scotiabank and CIBC.
3. Based on estimated in-branch RESP Onboarding, including completion of new account opening and RESP forms.
4. Average Canadian mutual fund minimum investment. Per 2024 Series A Fund Facts: BMO Targeted Education 2040 Portfolio; BMO Select Trust Conservative.
5. Average per 2024 Series A Fund Facts: BMO Targeted Education 2040 Portfolio; BMO Select Trust Conservative Portfolio; RBC Targeted Education Fund 2040; RBC Select Choices Conservative Portfolio; Scotia Selected Balanced Income Portfolio; Scotia Partners Balanced Income; TD Comfort Balanced Growth Portfolio.
6. In compliance with the International Ethics Standards Board for Accountants’ (“IESBA”) Code of Ethics for Professional Accountants, the auditor is required to publicly disclose the audit and non-audit fees charged to public interest entities, including Flex First Plan, Family Single Student Education Savings Plan, Embark Student Plan and Embark Select Conservative Plan, on an annual basis.
For the year ended December 31, 2023, fees paid or payable to KPMG LLP and its network firms for the audit of the financial statements of Flex First Education Savings Plan, Family Single Student Education Savings Plan, Embark Student Plan, and Embark Select Conservative Plan were $707,303. Fees for other services were $60,264.