A Registered Education Savings Plan is a great way to start setting aside money for your kid's post-secondary education. As a parent (or grandparent!), you can invest up to $50k to help your kid pursue their dreams.
But ensuring your kid has access to a bright future is getting harder as Canada's big banks keep funding the climate crisis. That's why we recommend opening an RESP with a credit union who is fossil-free or provides more sustainable options, and making sure your money isn't working against you and your kids.
How do you do it?
- Here's a quick step-by-step guide from Today's Parent about what you need to open an account.
- Use this Alternative Banking Options spreadsheet to find a good credit union option near you. Be sure to ask questions and make sure your RESP investments are fossil-free.
- Tell your friends, and share your story with For Our Kids! We know that parents inspire each other to take action. We'd love to see a photo of you and your kid outside a credit union, or hear about what you learned from opening an account. Use the feedback form here.
Ready to take more bank action? Learn more here.