Government Grants

Contribute even more to your child’s future with government grants.

Only an RESP is eligible for government grants, which truly makes it the best way to save for post-secondary education. The Canada Education Savings Grant can contribute up to $7,200 to your child’s future. Depending on your financial situation and your province, other education grants can add even more.


Find out if you qualify for government grants with our RESP Grant Calculator.


Here are the government grants that are currently offered:

Canada Education Savings Grant

With the Canada Education Savings Grant (CESG), the Government of Canada could provide up to $7,200 over the lifetime of your RESP. You will receive 20% of your annual contributions, up to $500 per year, on the first $2,500 you contribute. Depending on your income, the Additional Canada Education Savings Grant (A-CESG) can add 10-20% more on the first $500 that you contribute each year, up to an extra $100 annually.

Learn More about the CESG

Canada Learning Bond

To help low income families get started with their education savings, the Government of Canada will make an initial Canada Learning Bond deposit of $500 into your child’s RESP. Additional deposits of $100 are automatically made to the RESP each year up until your child is 15, to a maximum of $2,000. No personal contributions are required.

The Canada Learning Bond is available to children who are Canadian residents born in 2004 or later, and have a Social Insurance Number. CLB is retroactive and payments accumulate each year the eligibility criteria are met until the RESP is opened for a child, up until the child turns 21. Families who qualify for the CBL on average have under $45,000 in annual household income.

Learn more about the CLB

British Columbia Training and Education Savings Grant

Residents of British Columbia can earn more with the British Columbia Training and Education Savings Grant (BCTESG), a one-time grant that provides parents with an additional $1,200 for each child born after January 1, 2006. No matching or additional contributions are required. You just need to apply for this grant when your child is between the ages of 6 and 9.

Learn More about the BCTESG

Quebec Education Savings Incentive

The Quebec Education Savings Incentive (QESI) is a refundable tax credit program offered by the Government of Quebec. If eligible, you will receive a grant for 10% of your annual RESP contributions – up to $250 per year, with a lifetime maximum of $3,600 per child. Depending on your income, you can earn an extra 5-10% of the first $500 contributed each year.

Learn more about the QESI

At Knowledge First Financial, we are proud to offer all available federal and provincial government grants for our customers. And as new grants are announced, we will evolve our services to help you make the most of every opportunity.

Future Education Costs in Canada to 2037

Having a clear understanding about the costs associated with post-secondary education will help you determine how much to save.

Forms & Resources

  • Understanding Accumulated Grant Room

    Read More
  • Knowledge First Financial’s Grant Maximizer Tool

    Read More

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