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Canada Education Savings Grant

   Also found in: Acronyms, Wikipedia 0.01 sec.
Canada Education Savings Grant
A grant from the Canadian Government to individual Registered Education Savings Plans (RESPs). The grant matches between 20% and 40% of the first $500 of a family's contribution to an RESP, depending on the family's income. It then matches 20% of the family's contributions after $500, regardless of income, up to a maximum benefit of $2,500.


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KidsFutures Rewards that are transferred to an RESP are eligible to be topped up by 20 to 40 per cent through the Federal Government's Canada Education Savings Grant and may also qualify for certain provincial grants such as the Alberta Centennial Bond.
 
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