Contract-based
Group and scholarship RESP plans
Understand pooled RESP plan structures, contract rules, and the extra reading required before signing a group or scholarship plan.
Source status: compare this approach with provider documents and regulator guidance before acting. This is not personal financial, tax, legal, or investment advice.
Best fit
Families who understand the contract and are comfortable with scheduled contributions and plan rules.
Typical holdings
Pooled plan structure managed by the scholarship plan dealer.
Main strength
Built-in contribution discipline and plan administration.
Watch for
Sales charges, cancellation rules, forfeited earnings, missed-contribution rules, and EAP restrictions.
Questions before choosing
- What happens after the cancellation window?
- What if contributions stop?
- What earnings or grants could be lost on exit?
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