RESP contributions may qualify for grants provided by the Government of Canada and some provincial governments. Here is an overview of these grants:
Program and provider |
Amount |
Eligibility requirements |
Government of Canada Basic Canada Education Savings Grant (CESG) |
|
Available up until the end of the calendar year in which the child turns 17 (special rules apply at ages 16 and 17). Beneficiary must have a valid social insurance number (SIN) and be a Canadian resident |
Government of Canada Additional CESG |
|
Based on adjusted net family income:
|
Government of Canada Canada Learning Bond |
|
Children born on or after January 1, 2004. Eligibility based on adjusted net family income and number of children |
Government of Quebec Quebec Education Savings Incentive |
|
Beneficiary must be under age 18 and a resident of Quebec (special rules apply at ages 16 and 17) |
Government of British Columbia British Columbia Training and Education Savings Grant (BCTESG) |
|
Both the beneficiary and a custodial parent (or legal guardian) must be residents of British Columbia to be eligible for the grant. The account subscriber can apply for this grant from the day the beneficiary child turns six years old until the day before the beneficiary turns nine. |
*2023 amounts; income thresholds are adjusted annually.
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