What do I need to open a Registered Education Savings Plan (RESP)?
You will need your own Social Insurance Number (SIN), as well as a SIN for your child. There is no charge to obtain a SIN. Even a baby can get one. You don’t have to be a Canadian citizen to open an RESP. If you are a permanent resident or a landed immigrant, you also can open an RESP for your child. You can also open an RESP at most financial institutions, such as a bank or credit union, or through a group plan dealer or a financial service provider, without having a bank account. Your RESP provider may charge you a fee to open and maintain your RESP account. When you apply for an RESP, make sure you ask the provider about any fees that you will have to pay.
