Canada Education Savings Grant
Your child could receive up to $7,200 from the Government of Canada to help pay for his or her education after high school.
The Canada Education Savings Grant is money the government adds to your child's Registered Education Savings Plan (RESP) to help their savings grow. After high school, your child can withdraw the money to help pay for either 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
To receive the Canada Education Savings Grant (CESG), a Registered Education Savings Plan (RESP) must have been opened for the child. (Anyone can put money into an RESP for any child; you do not have to be the child's parent.)
The basic CESG provides 20 cents on every dollar you contribute, up to a maximum of $500 on an annual contribution of $2,500. If you cannot make a contribution in any given year, you may be able to catch up in future years. See Carry Forward Room.
This grant is available up until the end of the calendar year in which the child turns 17.
Depending on the child's primary caregiver's net family income, he or she may also be eligible to receive the Additional Canada Education Savings Grant (A-CESG). This grant adds an additional 10% or 20% onto the first $500 put into the RESP.
To find out more, visit the Additional Canada Education Savings Grant page.
Frequently Asked Questions
Get the answers you need to better understand the Canada Education Savings Grant.
The Canada Education Savings Grant is available until the end of the calendar year in which the child turns 17, as long as:
- the child is a Canadian resident;
- an RESP has been opened in their name; and
- a request is made for the grant.
Note: Children who are 16 or 17 years old may be eligible to receive the Canada Education Savings Grant if at least one of the following conditions is met:
- a minimum of $2,000 was contributed (and not withdrawn from) to all of the child's RESPs before the end of the calendar year they turned 15; or
- a minimum annual contribution of $100 was made to (and not withdrawn from) the RESP in at least four of the years before the end of the calendar year the child turned 15.
This means that, to be eligible for the grant, you must start to save for your child's RESP before the end of the calendar year in which they turn 15 years of age.
Apply for the Canada Education Savings Grant
Follow these two easy steps:
- Get a Social Insurance Number (SIN) for yourself and for your child. There's no fee, but certain documents, such as a birth certificate, are required.
- Open an RESP, make a contribution and complete the Canada Education Savings Grant application form. Your RESP provider will then apply for the grant for you.
Once approved, the grant money will be deposited directly into your child's RESP.
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