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.