3. How to Use StartMyRESP


  1. Why should I use SmartSAVER’s Start My RESP online application instead of going directly to my financial institution?

    You should start your RESP however you feel most comfortable. Start My RESP provides the convenience of online access, a user-friendly process and a direct connection to RESP providers who offer no-fee RESPs with no minimum contribution. You can also ask for the same RESPs by visiting any of our partner financial institutions in person.

  2. What if my financial institution isn’t an option on Start My RESP?

    You don’t have to be an existing customer of any of our financial institution partners to complete the Start My RESP application. You can open an account with any RESP provider to receive the Canada Learning Bond.

    Alternatively, you can contact your current financial institution to ask them to help you start an RESP to receive the Canada Learning Bond.

  3. When will the financial institution call me?

    Your application is transmitted directly to the financial institution of your choice. Once you submit your application you can expect the financial institution to contact you within 2 – 3 business days. If you’ve submitted an application and are concerned that you haven’t heard back, please contact SmartSAVER via email at info@smartsaver.org or by calling
    1-855-RESP-CLB (737-7252)

  4. I already have an RESP. Can I get the Canada Learning Bond?

    If you already have an RESP, you may already have the Canada Learning Bond. Contact your RESP provider to find out.

  5. Who can use Start My RESP?

    Start My RESP was created to meet the needs of Canada Learning Bond-eligible families. To learn more about Canada Learning Bond eligibility, click here.

  6. Who can I talk to about the Start My RESP application on SmartSAVER.org?

    Please contact us by emailing info@smartsaver.org or calling 1-855-RESP-CLB (737-7252). Live support with translation services is available Monday to Friday
    between 9 am – 5 pm.

  7. What do you do with my personal information and how is it stored?

    Your personal information is securely transmitted only to the financial institution you’ve chosen to open your RESP. SmartSAVER does not store sensitive personal information like Social Insurance Numbers. For more information on how we handle your personal information, please see our Privacy Policy.

  8. How much does it cost to open an RESP using Start My RESP?

    There is no cost to open an RESP using SmartSAVER’s Start My RESP online application. SmartSAVER partners exclusively with RESP providers who offer RESPs with no account set-up, enrolment or annual fee and no minimum contribution requirement. You are not required to contribute any money into your child’s RESP to receive the Canada Learning Bond.

  9. What’s the catch?

    The Canada Learning Bond can only be used for post-secondary education and must be used within 36 years. If the child doesn’t attend post-secondary education, the Canada Learning Bond and any matching grants must be returned to the Government. Any contributions you might make to your child’s RESP always remain your property and can always be returned to you.