The Basic Canada Education Savings Grant

The Canada Education Savings Grant (CESG) is free money (up to $7,200) that the Government puts into your child’s Registered Education Savings Plan (RESP). After high school, your child can withdraw the money to help pay for either full-time or part-time studies from a qualified post-secondary apprenticeship program, trade school, CEGEP, college, or university.

How the Basic CESG Works

To qualify for the basic grant you must first open an RESP. An RESP is a savings plan that helps you save, tax free, for your child’s post-secondary education. Though this education savings plan, you can contribute $2,500 annually. The maximum amount you can ever contribute to any single RESP is $50,000.

You do not need to be a Canadian citizen to open an RESP. If you are a permanent resident or a landed immigrant, you can open an RESP for your child.

With the basic CESG, the Canadian government will match 20% of any RESP contributions, up to $500.00 on an annual contribution of $2,500. The lifetime maximum of the basic CESG is $7,200.

The CESG is available until the end of the calendar year in which the beneficiary of the RESP turns 17.

Eligibility Criteria

The CESG is available until the end of the calendar year in which the beneficiary turns 17 and meets some basic requirements: the child must be a Canadian resident, have a valid Social Insurance Number, already have an RESP opened in their name, and a request must have been made for the grant.

If the recipient is 16 or 17 years of age, they may be eligible to receive the CESG if they meet at least one of the following criteria:

  • A total minimum of $2,000 was contributed to (and not withdrawn from) the RESP before the end of the calendar year in which the beneficiary turned 15.
    or
  • A minimum annual contribution was made of $100.00 to (and not withdrawn from) the RESP in at least four of the years before the end of the calendar year in which the recipient turned 15.

What You Need Before You Start

There are no fees to request the CESG, and there is no fee to get a Social Insurance Number. To start receiving the child’s free grant money for their education, you just need to open an RESP and start contributing to it regularly.

An RESP provider like Global RESP Corporation (GRESP) will apply for the CESG on your behalf. Once the CESG application is approved, the education grant money will be deposited directly into the RESP.

GRESP, Helping You Get Government Grant Money with RESPs

Founded in 1998, GRESP is one of the fastest-growing companies in the RESP industry. Over that time, we have helped tens of thousands of Canadians receive government grants available to those with an RESP.

With offices from coast to coast, GRESP has become the one of the RESP provider of choice because we specialize in RESPs. We help Canadians families choose the type of RESP that’s right for them. We also ensure that your RESP is secure and growing, and we make sure you are receiving all of the provincial and federal grant money available to you.

In addition to providing flexibility and a wide range of investment opportunities, GRESP also has one of the lowest administrative fees in the market and no minimum plan contributions.

To learn more about opening an RESP, talk to a Global RESP Corporation Dealing Representative in your area. Or fill out a form and a Global RESP Corporation Dealing Representative will contact you.


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