How to Get Grants

Get All the Education Savings Grants You Deserve


Federal and provincial education savings grants can add potentially thousands of dollars to your RESP. We want to help ensure you get all the government incentives you’re entitled to, which may include:

 
Program Annual Benefit Maximum Lifetime Benefit Eligibility Requirements Apply
Canada Education Savings Grant (CESG) 20% on the first $2,500 contributed each year to a maximum of $500 per child per year $7,200 per child (including additional CESG) AnyChildren under the age of 18 who are Canadian residents; must have a SIN Download Application Form
Additional CESG  An additional 10% or 20% on the first $500 contributed (i.e., up to $50 or $100) per child per year N/A Based on income level; indexed annually Download Application Form
Canada Learning Bond (CLB) An initial grant of $500 plus $100 per year until age 15 S2,000 Based on the number of qualified children and the adjusted income of the primary caregiver Download Application Form
Quebec Education Savings Incentive (QESI) 10% on the first $2,500 contributed each year to a maximum of $250 per child per year $3,600 (including additional QESI) Quebec residents only Download Application Form
Additional QESI  An additional 5% or 10% on the first $500 contributed each year (i.e., up to $25 or $50) per child per year N/A Based on income level; indexed annually (Quebec residents only) Download Application Form
British Columbia Training and Education Savings Grant (BCTESG) A one-time contribution of $1,200 $1,200 Children born in 2006 or later who are ages 6 to the day before they turn 9 Download Application Form

Tax Benefits of an RESP 

Registering your education savings plan will allow you to collect government grants.  Plus the income earned on your RESP contributions and grants will remain tax-free while in the plan.

We’re here to help

If you opened a savings plan with Knowledge First Financial and are ready to add government grants to your RESP, our Customer Service team can help

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Which RESP is right for you?

A Knowledge First Financial Sales Representative can guide you through the process of choosing an RESP that is right for you and your family. 

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