Canada Education Savings Grant - How much a child could receive
3. How much a child could receive
Each year, on every dollar up to $2,500 that you contributed to a Registered Education Savings Plan (RESP) for a child’s education after high school, a basic amount of the Canada Education Savings Grant (Basic CESG) of 20 percent may be provided.
Depending on the child’s family income, they could also qualify for an additional amount of CESG (Additional CESG) on the first $500 deposited, which means an additional $100 if the 2017 net family income is $45,916 or less and up to $50 if the 2017 net family income is between $45,916 and $91,831.
In total, the CESG could add up to $600 on $2,500 saved in a year. There is a lifetime CESG limit of $7,200. This includes both the Basic and Additional CESG.
The net family income amounts shown are updated each year.
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