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  • ZAREENJIT KAUR LALL

Canada Education Savings Grant

The Canada Education Savings Grant (CESG) is money that the Government adds to a Registered Education Savings Plan (RESP). Canada Education Savings Grant (CESG)

· Money the government adds to an RESP to help save for the post-secondary education of a child.

· Represents 20% of every dollar contributed, up to a maximum of $500 per calendar year ($1,000 if there is unused grant room from previous years)

· Available until the end of the calendar year in which the child turns 17

· Maximum amount of the CESG a beneficiary can receive in his or her lifetime: $7,200


Additional CESG


· The government adds this grant to RESPs for beneficiaries from low-to middle-income families

· 10% of the first $500 contributed, up to a maximum of $50, for a net family income of between $50,197 and $100,392

· 20% of the first $500 contributed, up to a maximum of $100, for a net family income of less than $50,197

Income figures for 2022 shown


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