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
Alberta Centennial Education Savings Plan (ACES)*
- For any child born to or adopted by residents of Alberta in 2005 or later
- One-time initial contribution of $500 to an eligible child's RESP
- Subsequent grants of $100 per eligible child's RESP for children attending school in Alberta at ages 8, 11 and 14
- Up to $800 in total
Learn more about the Alberta Centennial Education Savings Plan
Quebec Education Savings Incentive (QESI)*
• QESI is made up of a basic and an increased amounts
• QESI equals 10% of the first $2,500 of net annual contributions
• Annual maximum of $250 to $300 per eligible child to age 17, depending on family income
• Lifetime total of $3,600 per child
• Child must be a resident of Quebec
Learn more about the Quebec Education Savings Incentive
Universal Child Care Benefit (UCCB)*
Although the $100 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.
*Certain conditions apply.