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What is the Canada Education Savings Grant (CESG)?

April 26, 2017cesg Education savings

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What is the Canada Education Savings Grant (CESG)?

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The Canada Education Savings Grant (CESG) is a government grant that provides an amount equal to 20% of your RESP contributions. It’s extra money that can add up to $500 per year for each child, to a maximum grant of $7,200 over the life of the plan. The grant money will grow with interest, too.