Who can be a RESP beneficiary?

Home / FAQ / Who can be a RESP beneficiary?

For Family RESP plans, the beneficiary must be related to the subscriber by blood or adoption and they must be 21 years of age or younger at the time they are named as a beneficiary.

For Individual RESP plans, you can designate any individual as a beneficiary (related or not related), only if the individual has a valid social insurance number (SIN) and they are resident in Canada when the designation is made.

Note: If you are opening an RESP account for a beneficiary that is 18 years of age and older, your RESP account cannot qualify for the Canada Education Savings Grant (CESG), as the grants are only available for beneficiaries 17 years of age or younger.