It’s a common assumption: if you’ve built wealth, education planning should be simple. But in reality, more wealth often means more moving parts. Without clear strategy and coordination, even an RESP can fall short of its full potential. At Deacon Wealth Management, we ensure your post-secondary education planning isn’t a standalone decision—it’s part of a broader, connected financial ecosystem.
Whether you’re planning to fund education for a child, a grandchild, or multiple future scholars, we help you build an education savings plan that maximizes every benefit while protecting your long-term goals.
RESPs: more than an account—it’s a strategy
The Registered Education Savings Plan (RESP) is one of the most effective education savings tools available to Canadian families. But how it’s used matters just as much as whether it’s opened.
We help you:
- Make strategic contributions up to the $50,000 lifetime limit
- Capture the full value of the Canada Education Savings Grant (CESG), including unused room from previous years
- Understand provincial programs that may increase grant potential
- Adapt to changes—whether your child takes a gap year, pivots their career path, or pursues a non-traditional route
RESPs offer flexibility, but also require thoughtful timing, coordination, and integration into your full financial plan. That’s where we come in.
Integrating education into your full financial plan
Too often, education savings are treated as a checklist item—something separate from retirement, tax strategy, or estate planning. At Deacon Wealth Management, we approach it differently.
We integrate your education goals into your entire financial picture, so you know:
- Your RESP contributions won’t jeopardize your retirement plan
- Withdrawals are structured for tax efficiency
- Gifts from grandparents or family members don’t trigger unintended consequences
- Your estate plan supports future education goals long after you’re gone
It’s all connected—and we make sure it works together.
Custom strategies for real families
No two families have the same vision for education. Some want to cover the basics. Others want to support graduate degrees, international programs, or housing in high-cost cities. Some are preparing to help several grandchildren at once.
- We tailor your education savings plan to reflect your life, not a generic model. That could include:
- Family RESPs to allow shared contribution space
- Lifetime gifting strategies
- Early withdrawals for specialized programs
- Coordinating with trusts or foundations for long-term education funding
Every recommendation is grounded in your values and made with your goals in mind.
Beyond tuition: planning for the real cost of education
Post-secondary education is more than tuition. It’s textbooks, rent, groceries, travel, and sometimes even relocation. The full cost can catch even well-prepared families off guard. We help you build a financial strategy that considers every expense—not just the obvious ones. The goal isn’t just having the right amount in savings. It’s knowing you’re ready for whatever the journey brings.
One point of contact for your whole plan
Financial plans often fall apart between advisors, accountants, and lawyers who aren’t working together. That’s not how we operate. We coordinate with your full financial team—removing barriers, preventing oversights, and ensuring everything fits together. You’re not the go-between. We are. That means less stress and more confidence that your education savings plan is always in sync with your bigger picture.
Built to adapt, built to last
Education plans should evolve with you. As tax rules shift, market conditions change, and life happens, we adjust your plan so it always supports your best next step. Whether you’re new to saving or revisiting a plan you started years ago, we bring clarity, updates, and proactive thinking that make a difference over time.
Structure. Strategy. Support.
We’re not here to throw out guesses. Our planning process is disciplined, clear, and deeply personal. We don’t make assumptions. We ask the right questions, and we revisit the answers often—because what matters most to your family might change over time. You get recommendations grounded in logic, driven by care, and executed with precision.