Additional amount of Canada Education Savings Grant - Overview
Children from low- and middle-income families may also be eligible for an additional amount of Canada Education Savings Grant (Additional CESG) on contributions made into a Registered Education Savings Plan (RESP). The Government adds the Additional CESG to an RESP, up to a lifetime maximum per child of $7,200 of CESG (Basic and Additional).
The CESG can be used by the child to help pay for full-time or part-time studies after high school:
- in an apprenticeship program
- at a CEGEP
- at a trade school
- at a college; or
- at a university
Note: An RESP can stay open for up to 36 years (or 40 years for a specified plan). If a child chooses not to continue education after high school, the CESG may need to be returned to the Government of Canada.
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