Canada Education Savings Grant (CESG)

What is Canada Education Savings Grant ?

The Canada Education Savings Grant (CESG) is a program offered by the Government of Canada to help families save for their children's post-secondary education. 

How the CESG Works ?

Under the CESG program, the Canadian government matches 20% of the annual contributions made to a Registered Education Savings Plan (RESP) account for an eligible beneficiary.

Who is Eligible for Canada Education Savings Grant ?

CESG is available to Canadian residents who have a valid Social Insurance Number & who have set up an RESP account. The child must also be under the age of 18.

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How Much is Canada Education Savings Grant ?

CESG provides a grant of up to 20% of annual contributions made to a RESP, up to a maximum of $500 per year per beneficiary. The maximum lifetime grant amount is $7,200.

Canada Education Savings Grant Rules

CESG will be part of the educational assistance payments paid out of RESP to the beneficiary. If beneficiary does not pursue post-secondary education, CESG is returned to government.

Who Qualifies for the Additional CESG ?

Additional Canada Education Savings Grant is available to certain families based on the net income of the primary caregiver (usually the parent) and can change from year to year. 

How to Apply for Canada Education Savings Grant ?

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You do not need to apply for CESG separately. When you open an RESP for an eligible beneficiary, CESG will be automatically applied to the account.

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