Open a RESP

Opening or transferring a RESP account is easy. Just call us directly at 416-863-7777 or 1-800-387-9273 or email us at to have pre-completed forms sent to you for your review and signature.

Talk to us about your specific circumstances so we can advise you on whether to open a FAMILY or INDIVIDUAL plan.

While you are waiting for the paperwork to arive, please check that you have SIN numbers for all of the beneficiaries. You can apply for a SIN number for your child at:

Check out Dynamic's RESP Calculator to see how much you need to save for your child(ren)'s education.

Don't forget your RESP in your will!

Did you know that should you, as the subscriber of the RESP, pass away before the RESP has been used by the beneficiary, the RESP does not pass automatically to the beneficiary. Rather it must be liquidated, becoming part of your estate, and all the CESG grants repaid to the government, never to be used for their intended purpose. Not what you had in mind!

A RESP must have a subscriber. If you are the grandparent of the beneficiary or beneficiaries, you can name one of the child's/children's parents as the "successor subscriber". Another option is to name a testamentary trust as the successor subscriber. In either case, you should also arrange for the successor subscriber to have sufficient funds to make future contributions, if that is your desire. This must be clearly stated in your will or back those grants go!


About RESPs ...


Contact Us

T.  416.863.RRSP (7777)
F.  416.863.7479

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The Spiess McGlade Team is a personal trade name of Carl Spiess and Allan McGlade.