Canada Education Savings Grant (CESG)

What is ‘Canada Education Savings Grant – CESG’

A grant from the Government of Canada paid directly into a beneficiary’s Registered Education Savings Plan (RESP). It adds 20% to the first $2,000 in contributions made into an RESP on behalf of an eligible beneficiary each year.

Explaining ‘Canada Education Savings Grant – CESG’

The CESG is an incentive program designed to encourage people to save for a child’s education and to lessen the financial burden of a post-secondary education.

Further Reading

  • Education savings plans, matching contributions, and household financial allocations: Evidence from a Canadian reform – [PDF]
  • Tax preferences for education saving: are RESPs effective? – [PDF]
  • Registered education savings plans: A tax incentive response to higher education access – [PDF]
  • Formative Evaluation of the Canada Education Savings Grant Program – [PDF]