Education Savings
Education is the key to your children’s future. But it’s costly—as much as $50,000* for a four year degree at a Canadian university.
By 2021 that degree is likely to cost $96,000. **
Provide for your children’s education and keep on top of rising costs with a BMO Bank of Montreal Registered Education Savings Plan (RESP) or other investment options.
Calculate education costs and savings needs with our RESP Savings Tool.
*, ** Figures are provided by BMO Bank of Montreal Economics Department in conjunction with the Association of Universities and Colleges of Canada (AUCC). Figures are based on a national average for a four-year university degree for a student using accommodations away from home and include the costs of tuition, books, room and meals. Figures are provided for illustrative purposes only and are not intended to represent the actual current and/or future costs of education and should not be relied on for this purpose.
