CESG (Canada Education Savings Grant)

The Canada Education Savings Grant (CESG) is a federal grant that matches 20% of annual RESP contributions, up to $500 per year on the first $2,500 contributed. The lifetime CESG maximum is $7,200 per beneficiary. Low-income families may qualify for an additional 10–20% match on the first $500 contributed. CESG eligibility ends the year the child turns 17. Unused grant room can be carried forward, allowing up to $1,000 in CESG in a single catch-up year.