How to Change Your Plan
RESPs are a long-term investment, and a lot can happen between the day you opened your plan and the day your child starts university or college. If your circumstances change, you may want to choose a new beneficiary or change subscribers. Whatever happens, we’re here to help you make the choices that are right for your family.
You set up your RESP for the benefit of a child you expected to go on to post-secondary school. But if that child chooses a different life path, you may want to select a different beneficiary.
Once an RESP is set up, the subscriber can be changed. A joint subscriber can be added or removed, for example, or a new subscriber can replace one who has passed away.