09/01/2026
Want to get free money for your child’s future education? Here’s how RESP grants work!
When you save in a Registered Education Savings Plan (RESP), the government helps your money grow faster with grant top-ups.
The Canada Education Savings Grant (CESG)
✨️20% Match: The basic CESG matches 20% on the first $2,500 you contribute each year per child.
✨️Up to $500/year: That’s up to $500 in free money added directly to your RESP annually!
✨️ $7,200 Lifetime Cap: Each child can receive up to $7,200 total in CESG over time.
✨️Catch-up Room: Missed a year? You can catch up on unused grant room and get up to $1,000 in grant money in a single year (with a $5,000 contribution).
Extra Boosts You Might Be Eligible For
✨️Additional CESG: Depending on family income, modest-income families can receive an extra 10% or 20% grant on the first $500 saved each year.
✨️Canada Learning Bond (CLB): Income-eligible families can receive the Canada Learning Bond (CLB) which gives an initial $500, plus $100 for every eligible year up to a $2,000 lifetime cap, with no personal contributions required to claim it!
Got questions about setting up an RESP or maximizing your grant room? Let's chat!
☎️ 519-984-6016
📧 [email protected]
