Compare our plans

Our Registered Education Savings Plans


All Registered Education Savings Plans will help you save for your child’s post-secondary education. But which one is best? Based on your goals and savings patterns, we have a plan that’s right for you.  


Flex First

An individual RESP that offers unique benefits as well as flexibility in both contributions and payments, the Flex First Plan was designed for today’s student.  Introduced to the market in 2012, Flex First is now the RESP of choice for our customers.

  • Your contribution schedule is very flexible – you decide how often and how much to contribute

  • A Total Contribution Goal is established at the beginning of the plan that can be increased or decreased as your goals changes

  • You earn a loyalty bonus that gets paid when your student enrols in a post-secondary program

  • Education Assistance Payments (EAPs) comprise individual plan income, government grants and grant income

  • Any post-secondary program that qualifies under the Income Tax Act qualifies for an EAP

  • You choose the amount and timing of EAPs

  • Income not issued as EAPs may be paid to you or transferred to your RRSP, subject to Income Tax rules

Family Group

With the Family Group plan, you are part of a group of plans having the same year of maturity.  Designed specifically for students attending four years of post-secondary studies, the income you earn in the plan is shared with a pool of other customers.

  • Your contributions are based on a deposit schedule established at the start of your plan

  • At maturity, contributions are returned to you or your student

  • Education Assistance Payments (EAPs) comprise of income from the shared pool, government grants and grant income

  • Any post-secondary program that qualifies under the Income Tax Act qualifies for an EAP

  • Your child may receive up to three EAPs under this Plan

  • Your share of the income pool may be enhanced as some customers withdraw early

  • Grant income not issued as EAPs may be paid to you or transferred to your RRSP, subject to Income Tax Rules

  • Most plans are automatically insured

  • You can transfer to the Family Single Student plan at any point up until maturity

Click here to view a comparison between the Flex First and Family Group plans

Family Single Student

Designed as a transfer option from the Family Group Plan, it offers more choice in the amount and timing of your payments.

  • There is no shared income pool

  • At maturity, contributions are returned to you as the customer

  • Education Assistance Payments (EAPs) comprise individual plan income, government grants and grant income

  • Any post-secondary program that qualifies under the Income Tax Act qualifies for an EAP

  • You choose the amount and timing of EAPs

  • Income not issued as EAPs may be paid to you or transferred to your RRSP, subject to Income Tax Rules

  • Most plans are automatically insured

Government Grants

An RESP is the best way to save for post-secondary education because contributions are eligible to receive government education grants.

Applying for government grants couldn’t be easier.

Forms & Resources

  • Social Insurance Number Application

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  • Canada Education Savings Grant and Canada Learning Bond

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  • Application for British Columbia Training and Education Savings Grant

    Read More

Which RESP is right for you?

A Knowledge First Financial Sales Representative can guide you through the process of choosing an RESP that is right for you and your family. 

Find a Sales Representative