We all love our children and we want to provide the best opportunities for them, including a proper post-secondary education.  With a Registered Education Savings Plan (RESP) from TCU, you can help them secure their future by saving today for their post-secondary education.

And how about a little free money to add to the RESP? That’s exactly what you get as another benefit of purchasing a TCU RESP. You can take advantage of the Canada Education Savings Grant (CESG). Under this program, depending on your income, the government will provide anywhere from 20% to 40% in additional funding to your contribution to your child’s RESP.


  • Both individual and family plans are available.
  • Any individual, who is the age of majority, may be a subscriber and may establish any number of plans. No relation to the beneficiary is required for individual plans.
  • Contribute up to $50,000 for each beneficiary
  • Various government grants are available depending upon residency and income level.
  • Contributions in the plan accumulate tax free until the funds are withdrawn, at which time the interest and any grant money are taxed in the hands of the beneficiary.
  • Funds are in a variable account which offers unlimited accessibility and an extremely competitive interest rate.
  • No set up or annual maintenance fees.
  • Monthly automatic contributions available.
  • Annual statements are provided.


  • Transfer out requests are subject to a transaction fee as outlined in the TCU Accounts and Fees Guide unless transferred to TCU Wealth Management
  • Your deposits are fully guaranteed by Credit Union Deposit Guarantee Corporation
  • Subscriber and beneficiary must provide a valid Social Insurance Number (SIN) to open an RESP contract
  • Minimum $500 deposit is required to open an RESP
  • Plan may have joint subscribers if they are spouses or common law partners
  • TCU adheres to all legislative requirements as stipulated by the Government of Canada. More information can be found on the CanLearn website.

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Variable Rate (RESP) Rates
Variable Rate 1.15%