Future Leaders Plan Mission

Securing your child’s future should be easy to do. We take the guesswork out of opening an RESP for your future leader.

Clear Plans

We use simple language to describe our plans and options making it a much easier decision for you.

Friendly Advisors

Our experienced and provincially licensed agents are happy to answer any question you may have.

Quick Approval

We’ll help the entire way with completing and submitting your application in the shortest timeframe.

Easy-to-digest plans make your decision an informed one

We know how important this decision is to you and have worked hard to offer straightforward RESP
plans and options suited towards any budget, funding goal and financial situation.

The Future Leader

The only plan on the market today offering a 15% bonus on top of your contributions.

Plan Type
Individual
Payment Commitment
Monthly Contributions
Education Bonus
Up to 15%
Government Grants
Up to $9,200

Flex Plan Individual

Invest in your child’s future with flexible payment terms and generous grants.

Plan Type
Individual
Payment Commitment
Contribute any time
Education Bonus
Not applicable
Government Grants
Up to $9,200

Flex Plan Family

Invest in your entire family’s success with flexible contribution options.

Plan Type
Family
Payment Commitment
Contribute any time
Education Bonus
Not applicable
Government Grants
Up to $9,200

Answering your most common questions and a few uncommon ones as well.

What is an RESP?
An RESP is an education savings plan registered under Canada’s Income Tax Act, which is established for the purpose of providing financial assistance to a beneficiary (usually a child) when he or she pursues a post-secondary education. Income on savings within an RESP is tax-sheltered until the child is ready for post-secondary education. The earnings are taxed in the hands of the student/beneficiary, who typically pays little to no tax. In addition, RESPs may qualify for various government grants that help parents, relatives and friends save for a child’s post-secondary education. Subscribers and beneficiaries enrolled in an RESP must have a valid Social Insurance Number every time a contribution is made. A beneficiary must also be a Canadian resident when the RESP is opened and every time a contribution to an RESP is made.

What is the maximum lifetime contribution?
The maximum lifetime contribution that you can make penalty-free is $50,000. After that, certain tax implications will apply. If you expect to meet or exceed this limit – other options are available to you.

Can I replace myself with another subscriber?
Absolutely. In case anything were to ever happen to you, you can specify replacement subscribers (such as grandparents or god parents) within your initial application or add them to your plan at a future date by filling out an easy form.

What happens if my beneficiary does not pursue a post-secondary education?
You can either opt to transfer your contributions to a sibling or all contributions are returned to you (the subscriber) in full and completely tax-free. Any market growth accumulated on your contributions can only be withdrawn if you’ve been contributing for over 10 years, you are a Canadian citizen and your beneficiary is over the age of 21.

How is a family plan different from an individual plan?
The main difference between these two types of plans is that in a family plan, all of your children are listed beneficiaries. This means that the contributions are shared and can be used by any one or combination of all of your children for their post-secondary educations. Also note that all of your beneficiaries must be related to you by blood or adoption.

Whose income are the grants based on?
The grant and the CLB is always based on the net family/household income i.e. the parents’ income. If the subscriber is a grandparent, aunt, uncle or another individual, the government will still look at the parent’s income.

We just need a few details to get you started.