Canada Education Savings Grant - Overview

From Employment and Social Development Canada

1. Overview

The Canada Education Savings Grant (CESG) is money that the Government adds to a Registered Education Savings Plan (RESP) to help save for the post-secondary education of a child. Payment of the CESG is dependent upon contributions made into the RESP. Money in an RESP can be used to help pay for full-time or part-time studies:

  • in an apprenticeship program
  • at a CEGEP
  • at a trade school
  • at a college; or
  • at a university

How the Canada Education Savings Grant works

For the CESG, personal contributions must be made into a Registered Education Savings Plan (RESP). Anyone can open an RESP for a child; not only the child’s parent.

Each year, the CESG provides 20 cents on every dollar contributed, up to a maximum of $500, on a contribution of $2,500. If a contribution cannot be made in any given year, there is the ability to catch up in future years. See grant room.

This CESG is available up until the end of the calendar year in which the child turns 17.

Depending on the income of the child’s primary caregiver, they may also be eligible for an Additional amount of Canada Education Savings Grant, which adds an additional 10 or 20 percent to the first $500 put into an RESP.

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