Canadian RESP Grants at a Glance

Canada Education Savings Grant (CESG)

  • Grant equals 20% of the first $2,500 of your annual contributions
  • Annual maximum of $500 to $600 per eligible child to age 17, depending on family income
  • Lifetime amount is $7,200

Learn more about the Canada Education Savings Grant

Canada Learning Bond (CLB)

  • For families with children born in 2004 or later whose parent or guardian is eligible for the National Child Benefit (NCB) Supplement
  • One-time initial contribution of $500 to an eligible child’s RESP
  • An additional $100 for each year of eligibility until age 15
  • Up to $2,000 in total

Learn more about the Canada Learning Bond

BC Training Education Savings Grant (CESG)

  • Available for children born in British Columbia on or after January 1, 2007
  • Families can only apply for the grant after their child reaches the age of 6
  • The child must be a resident of British Columbia at the time the grant is applied for
  • The BCTESG is a one-time contribution amount of $1,200 towards the child’s RESP

Learn more about the BC Training and Education Savings Grant

Universal Child Care Benefit (UCCB)

Although the $160 per month Universal Child Care Benefit is not an education grant, it is an excellent source of funds for parents who wish to start an RESP for their children.

css.php