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Where to START?

Your contributions can help fund the education of your children, as well as that of your grandchildren, your nephews and nieces, or your godchildren, depending on the plan type you choose: individual or family.


When you form good savings habits and contribute to your child’s RESP when they are young, you are giving them access to a larger amount when they start their post-secondary education.


The RESP is for everyone—contribute as little as $25 a month. The amount you invest can vary based on your budget, as long as you stay within the lifetime limit of $50,000 per child.


Grants offered by the federal government

Annual grant
(% of contributions)
Annual limit
(per child)
Lifetime maximum
(per child)
Additional grant
(% of contributions)
Canada Education Savings Grant (CESG) 20% $500 $7,200 10% or 20% of the first $500 invested each year
Canada Learning Bond (CLB) Limit of $2,000 per child for eligible families

Grants offered by provincial governments

Annual grant
(% of contributions)
Annual limit
(per child)
Lifetime maximum
(per child)
Additional grant
(% of contributions)
Quebec Education Savings Incentive (QESI) 10% $250 $3,600 10% or 20% of the first $500 invested each year
Saskatchewan Advantage Grant for Education Savings (SAGES) 10% $250 $4,500 -

How can I accumulate more?

To encourage education savings, the Government of Canada and some provincial governments provide annual grants based on how much you contribute to your child’s RESP. Combined with your regular contributions, this generous government assistance deposited in your RESP gives a significant boost to your savings.


Depending on your family income, you could be eligible for an additional grant. All your investments, grants and interest grow tax free until withdrawal.


Put success within your child’s reach

Your contributions can help fund the education of your children, as well as that of your grandchildren, your nephews and nieces, or your godchildren, depending on the plan type you choose: individual or family.



If your child doesn’t pursue a post-secondary education, you can:

  • Designate another child in the family
  • Withdraw your original contributions tax free
  • Transfer your accumulated investment income to your RRSP under certain conditions

Choose what’s best for your child’s future: invest in an RESP.