Get up to $3,000 more by saving with Embark1
Not all RESPs for your child’s education are the same. At Embark, we offer flexible, low-fee plans with expert support—free from the hidden catches of traditional bank or group options.
Get up to a semester more, just by choosing Embark
Your RESP, working smarter
Saving with Embark could mean up to $3,000 more in your RESP when your child heads off to school¹. That’s nearly a full semester covered—just by choosing a better place to grow your savings.
Why Embark? Because every bit counts
We make RESPs work harder. Smarter investing, lower fees, and personalized guidance help your money grow—so your child has more choice, and more opportunity when it’s time for school.
At Embark, we do one thing, and we excel at it like no one else: helping you get the most out of your education savings. With a best-in-class RESP, no minimum5 contributions and automatic grant applications, we make saving for your child’s future simple, flexible and stress-free.
| Embark | Big Banks7 | Insurance8 | Group plan9 | |
|---|---|---|---|---|
| Savings per child6 | $36,031 | $34,709 | $33,083 | $33,078 |
| Time to open10 | 8 minutes | 1 hour | 1 hour | 1 hour |
| Minimum investment to open | $0 | $400 | $0 | $9.5011 |
| Upfront fees | $0 | $0 | $0 | Up to 24.1% of contributions12 |
| Total fees | 1.65% | Over 2%13 | Over 2.5%14 | Upfront fees + 0.59%15 |
| Automatically invest based on your child’s age | ✓ | ✗ | ✗ | ✗ |
| Intelligent alerts | ✓ | ✗ | ✗ | ✗ |
| Friends & family can gift directly into RESP | ✓ | ✗ | ✗ | ✗ |
| Change investment contributions online | ✓ | ✗ | ✗ | ✗ |
| Guided Online withdrawals | ✓ | ✗ | ✗ | ✗ |
| Add child to RESP anytime | ✓ | ✗ | ✗ | ✗ |
When you save with Embark, you could get up to an additional semester’s worth of tuition—an extra $3,0001—compared to other saving options.
The Embark experience is tailored just for you.
Embark RESPs offer a streamlined approach to saving for education, designed with your needs in mind. Unlike many competitors, we prioritize simplicity and transparency, ensuring that you can focus on what truly matters—your child’s future
Navigate RESPs with confidence
With Embark, you gain access to personalized support and easy-to-understand insights, helping you navigate the world of Registered Education Savings Plans with confidence.
Investing for your child’s future has never been easier
With Embark, your investments adapt seamlessly to your child’s age and development, keeping them on the path to success effortlessly. It’s investing made simple.
Effortlessly manage your investments
Our user-friendly platform makes it simple to manage your investments and track your progress, giving you peace of mind as you plan for educational expenses.
| Feature | Embark | Group RESP Plans |
|---|---|---|
| Target Market | Want control, flexibility and low fees | People that are 100% sure you’ll contribute exactly as required until maturity |
| Flexibility | Choose how much and when you contribute | Fixed contribution schedule |
| Withdrawals | Flexible withdrawals when funds are needed | Fixed withdrawal schedule, may lose payouts if they do not attend post secondary for 4 years |
| Total fees | 1.65% | Up to 24.1% of contributions sales charge, and 0.59% management fee16 |
| Investment Options | Automatically adjust based on child’s age | Investment is the same regardless of child’s age |
| Transfer Out Options | Transfer your principal, income and grants | Penalty of loss of income to group plan. May only transfer principal and grants, less sales charges |
Top choice of over 1 million Canadians
For over 60 years, we’ve helped fund post-secondary education for more than 850,000 students. Unlike traditional banks, we’re owned by a not-for-profit foundation that puts Canadian families first—reinvesting profits into scholarships to help even more students succeed.
- Managing $6.5 billion in education savings
- 850,000 children funded for Universities/College
- 60 years of education savings expertise
Get more from your RESP.
Open an RESP in 8 minutes
We’re ready when you are. Start with one child and add more later – anytime.
Set up your first contribution
With just a click, loved ones can contribute to your child’s savings — no calls to the bank, no hassle. Only at Embark.
Experience the Embark difference
We’re confident you’ll love the Embark experience. Try us out and see why!
Get an extra 2% on your RESP
Transfer your existing RESP to Embark and receive a 2% bonus17.
Learn more