Differences between RESP providers.
Not all RESP's are created equal! Some are more expensive and riskier than others. Let's explore your options in choosing a provider.
Knowledge First & Our Not-For-Profit Foundation
Top reasons why we are the largest and most preferred provider for RESPs
Not-For-Profit Owned
We give back the company's excess profit into bonuses such as: Loyalty bonus - Designed to off set fees. Scholarships - $1.5 million annually is given for exemplary students. Company profit top-ups - Paid to increase the amount available to children.
Since 2004, over $53 million has been deposited into children's RESP savings accounts!
Not-For-Profit Definition
Affordable Plans
Because the Foundation is not-for-profit there is no reason for expensive RESPs. Our fees have not increased in over 30 years! We have full transparency, and clearly explain any costs associated with your plan.
Our Flex First Plan was designed by the families enrolled in our RESPs, they told us what they wanted and we listened!
We are the Experts!
RESP's are all we do! As specialists for over the last 55 years we have become the leaders in the industry.
Peace of Mind
Unlike common and complicated self-directed RESP's, we take the guess work out of the best way to grow your savings. We have the top investment counsellors in Canada taking care of your portfolio and a Trustee in place to make sure your money is always protected!
100% Canadian
Knowledge First is the largest RESP company in the world! And it was started by Canadian families who saw a need for an affordable way to save for their childrens future.
Being Smart About Mutual Fund Fees
A Management Expense Ratio (MER) is the fee structure used in all RESPs invested in mutual funds.
This can be a difficult fee to find, but it is important to know so you understand the impact it has on your return. It is a non-negotiable fee and is charged yearly on the whole amount in the fund. This third party video will speak more about it in detail if required.
Let's Compare!
MER's are often hidden and net of returns, but this doesn't mean that you won't feel them.
The standard MER% charged at most banks and financial institutions are between 1.6% and 2.5%. This graph shows the fees paid if saving $100 per month for a newborn baby and receiving a 5% rate of return.
Results obtained using the Ontario Securities Commission calculator (provided below).
| MER% | Saving $100 per month for 18 years |
Fees Paid |
| 1% | $21,600 | $3,441 |
| 2% | $21,600 | $6,507 |
| 3% | $21,600 | $9,239 |
| 4% | $21,600 | $11,674 |
| KFF | $21,600 | $947 |
How to read your Fund Facts information and Key questions to ask your RESP provider to learn more.
If you do not have a current fund fact or simplified prospectus on your RESP, ask your provider to send you your information.
Our Loyalty Bonus can pay up to 100% of your fee!
Something you won't find anywhere else!
Safety First
We provided the same safety but without the cost!
The safety of your savings is very important, that's why we use the top companies to give you peace of mind.
The Flex Plan RESP
Designed by parents for education needs of today's children.
Our Flex Plan was designed by parents for what works best for children.
