TD Canada Trust / TD Direct Investing RESP review

Supported grants and incentives

• The Toronto-Dominion Bank row on Canada.ca shows Basic CESG, Additional CESG, Canada Learning Bond (CLB), and B.C. Training and Education Savings Grant (BCTESG) as offered.
• TD Asset Management Inc. appears separately on Canada.ca and shows Basic CESG as offered, with Additional CESG, CLB, and BCTESG marked N/A.
• TD Securities Inc. appears separately on Canada.ca and shows Basic CESG and BCTESG as offered, with Additional CESG and CLB marked N/A.
• TD's public consumer RESP pages mention CESG, CLB, Quebec incentives, and BCTESG in general RESP education content, but the reviewed pages do not clearly map each TD-branded product path to a single legal promoter row.
• Families who need a specific grant should confirm the exact TD legal entity for the account they are opening, because the Canada.ca support matrix differs across TD promoter entries.

Account types

• TD's branch education pages discuss both Individual RESP and Family RESP structures.
• TD's main RESP overview markets three consumer paths: TD Mutual Funds RESP, TD Canada Trust RESP focused on GICs, and RESP at TD Direct Investing.
• TD Direct Investing says all of its RESP accounts are Family Plans only.
• TD Direct Investing says Family Plan beneficiaries must be children, stepchildren, or grandchildren who meet the plan's age and residency rules.

Fees

• TD Direct Investing charges $9.99 per online stock or ETF trade at the standard rate, or $7.00 with 150 or more trades per quarter; options trades add $1.25 per contract.
• TD Direct Investing says select ETFs can be commission-free for digital trades, and mutual fund buys, sells, or switches have no commission.
• TD Direct Investing charges a $25 quarterly maintenance fee for households that do not meet the waiver criteria and have less than $15,000 in assets.
• TD Direct Investing says a minimum $100 monthly deposit can waive quarterly maintenance fees across householded accounts.
• TD Direct Investing's commission schedule lists a $150 transfer fee for direct trading and registered accounts.
• TD Direct Investing's short-term redemption policy says mutual funds held for less than 30 days can face a fee of 1% of redemption value or $45, whichever is greater, in addition to any fund-company fees.
• The reviewed TD Canada Trust branch RESP overview pages did not publish a simple RESP-specific annual account fee table for the bank or GIC path, so product-level costs should be confirmed before opening.

Transfer process

• TD Direct Investing says incoming transfers can be set up in cash, in kind, or as a mix of both after opening the account.
• TD Direct Investing says it can reimburse up to $150 in transfer fees charged by another brokerage.
• TD Direct Investing tells clients to make a separate cash deposit if they want to start trading before a transfer completes.
• TD Mutual Funds uses a transfer authorization form that directs completed forms to Mutual Fund Operations in Toronto and allows all-cash or mixed cash and in-kind instructions.
• Because TD has multiple promoter entities on Canada.ca, the exact transfer paperwork depends on whether the RESP is being opened through the branch, mutual fund, or self-directed path.

Withdrawal process

• TD Canada Trust says the subscriber must request the withdrawal and provide proof of enrolment for the beneficiary.
• TD Canada Trust describes two education withdrawal types: Post-Secondary Education (PSE) withdrawals of contributions and Educational Assistance Payments (EAPs) made up of grants, bonds, and investment earnings.
• TD Canada Trust says EAP withdrawals are limited to $8,000 for a full-time student or $4,000 for a part-time student during the first 13 weeks of study.
• TD's branch guidance says families should start early and book an appointment with a TD advisor or personal banker to begin the withdrawal process.
• TD Direct Investing says withdrawals can be requested online through WebBroker, by phone, or by submitting the RESP Withdrawal Request form with proof of school enrolment at a TD Canada Trust branch.
• TD Direct Investing's withdrawal form requires a separate form for each beneficiary and asks for educational institution documentation for EAP and PSE withdrawals.
• TD Direct Investing's withdrawal form says a void cheque is required when an EFT is sent to a third-party institution.

Neutral comparison notes

• This page covers several TD-branded RESP paths, but Canada.ca treats TD as multiple promoters with different grant-support rows.
• TD Direct Investing publishes the clearest public fee schedule among the reviewed TD RESP materials; the branch RESP pages are easier to understand at a high level but less specific on account-level fees.
• TD Direct Investing is more investment-flexible and explicitly self-directed, while the TD Canada Trust branch path leans toward appointment-based support and GIC or mutual-fund choices.
• Families comparing TD options should note that TD Direct Investing is family-plan only, while TD's branch education content discusses both individual and family RESP structures.

Investment options noted on official pages

• TD Canada Trust markets GIC-based RESP savings through the branch path.
• TD Mutual Funds RESP gives access to certain mutual funds offered through TD Investment Services Inc.
• TD Direct Investing lists stocks, mutual funds, fixed income, ETFs, and GICs as available investment choices in its self-directed RESP.

Sources to use