What is the Canada Education Savings Grant? Is the Scholarship Trust Plan eligible to receive it?
To help parents save toward their children s post-secondary education, the Federal Government introduced the Canadian Education Savings Grant (CESG). The Grant will match 20 percent of the first $2,000 of annual contributions made to RESP5 for children up to age 18. The maximum grant will be $400 per child per year. Enrolling your children in a Plan will allow them to benefit from the government grant. Please note that the Canada Education Savings Grant of up to $7,200 lifetime maximum is not included in calculating the annual or lifetime R.E.S.P. contribution limits.
