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Canada Education Savings Grant

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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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This is called the Canada Education Savings Grant (CESG) and any amounts paid in are not included in the annual limit for tax purposes.
Canada Education Savings Grants (CESGs) The CESG program was created by the Canada Education Savings Act to provide financial assistance to Canadians who select an RESP to save for a child's post-secondary education.
16) These include the establishment of networks of Centres of Excellence, the Canada Foundation for Innovation, the Millennium Scholarships, the Canadian Institutes of Health Research, the Canada Research Chairs program, funding for the indirect costs of research, Canada Education Savings Grants, and Canada Study Grants.
 
 
 
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