Give your RESP a boost with a 2% bonus!
Limited time offer! Transfer your RESP to Embark and get a 2% bonus*. Transfer your RESP now.
See why Embark is better
At Embark, education savings and planning is all we do. Our registered education savings plans help you:
- Forecast how much their education costs and how much you’ll need based on your goals.
- Invest in a plan that automatically adjusts to your child’s age and needs. We’ll take care of everything for you.
- Save as much or as little as you want, whenever you want.
- Easily request a withdrawal online in minutes.
| Embark | Big 5 Banks1 | |
|---|---|---|
| Time to open | 8 minutes | 1 hour2 |
| Minimum investment | $0 | More than $4003 |
| Investment fees | 1.65% | 2.02%4 |
| Glide path investment | ✓ | ✗ |
| Intelligent alerts | ✓ | ✗ |
| Personalized goals | ✓ | ✗ |
| RESP gifting | ✓ | ✗ |
| Online withdrawals | ✓ | ✗ |
| Offers from our partners | ✓ | ✗ |
| 4.5+ stars on Google | ✓ | ✗ |
Our low fees help you save more
Saving for your child’s education with Embark can get you $2,000 more on average 5 by the time your child goes to post-secondary school.
Easily track your savings
Say goodbye to having to go into a branch or office to manage and withdraw from your RESP. We’re all digital!
- Everyone loves free money! Get notified when you automatically get grants.
- Set a savings target, schedule contributions and watch your savings grow.
- Access your money online and get real-time updates on requests.
Expertise, guidance and exclusive features
- Use our Career & School Matcher to find schools, programs and the requirements that’ll help them land their dream job.
- Forecast tuition fees, residence costs, personal expenses and more based on when your child is going to school.
- Automatically optimize your investments, focusing on growth when they’re young and protection when they need them.
- Find grants and bursaries your child might be eligible for.
- … and so much more!
Let’s help you transfer an account
*Terms and conditions apply, please click here to learn more.
Embark RESP Plans are sold by prospectus. For full plan details, please click here.
1 Big 5 Canadian Banks: BMO, TD, RBC, Scotiabank and CIBC.
2 Based on estimated in-branch RESP Onboarding, including completion of new account opening and RESP forms.
3 Average Canadian mutual fund minimum investment. Per 2024 Series A Fund Facts: BMO Targeted Education 2040 Portfolio; BMO Select Trust Conservative.
4 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
5 Embark Student plan when compared with plan at 2.10% MER for 18 years based on $50 biweekly contribution for 18 years at 5% return.