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I got a piece of mail about that, which took a while after I got my son's birth certificate done. It told me to go my back to get that setup, but double check with your bank about it and figure it out from there, and make sure to understand it all, too 🤗
We did it through RBC, I highly recommend setting up an in-person appointment with one their financial advisors (some locations are better & more knowledgeable than others to be honest). They explained everything to us so well.
Canadian Scholarship Trust is what we use. All we do is add as much money as we are able to and they do the rest. They made us feel very secure in our decision
We use TD direct investing (also because I work there. Lol) set up automatic payments and we invest in Canadian and American ETFs automatically, every month. Any provider is ok honestly. Just automate and sit back and watch your funds grow overtime. They have the benefit of a long term horizon.
@Samantha I second this! 💯
I did mine through quest trade and invest the money in index funds
I use rbc like @Ashley
Most major banks (if not all) have an IRP who can help assist with this. You can go online or call and book an appointment for this account set up - absolutely necessary to set up!
Honestly I would go with Wealthsimple if you're not familiar with managing investments directly yourself. The fees are less than the big banks will charge. You can open a RESP WITH Questrade if you're comfortable managing your own investments. Be careful because there are some predatory RESP groups out there. CST (someone below mentioned they use this one) is known for being predatory - very high fees, difficult to move, put excessive barriers around how you can use the funds. Your regular bank would be a better option than this.