Education
Federal
Paid annually
Canada Education Savings Grant
Worth up to
$7,200/year
What is it?
The government matches 20% of what you contribute to your child's RESP, up to $500 per year. Low and middle-income families may qualify for additional amounts.
Up to $500/year (20% match on first $2,500). Lifetime max $7,200
Who is it for?
- Must have children under 17
- Must file an income tax return
How to Apply
- 1Open an RESP account at an approved provider
- 2Make contributions to the RESP
- 3The grant is automatically applied to contributions
- 4Additional CESG (10–20% extra) applied for lower-income families
Documents You May Need
Child's SIN
RESP account
Most recent tax return (for Additional CESG)
Related Benefits
$7,787
Canada Child Benefit
A tax-free monthly payment to help eligible families with the cost of raising children under 18 years of age.
$2,000
Canada Learning Bond
Free money from the Government of Canada to help pay for education after high school. No contributions required — just open an RESP.
$519
GST/HST Credit
A tax-free quarterly payment that helps individuals and families with low and modest incomes offset the GST or HST that they pay.