RESP Canada

The Master List of Designated Educational Institutions is available at

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Canada Education Savings Grant  (CESG):

the government of Canada contributes 20% of the first $2,500 in annual contribution per child made to an Registered Education Savings Plan (RESP). Since the 2007 Canadian federal budget, the maximum government contribution is $500 per year to a participating RESP. The maximum lifetime contribution is $50,000. The maximum amount of grant per child is $7,200.

• RESP accounts can remain open for up to 36 years and the money can be used for Qualifying Educational Programs.
• The money can be transferred to a brother or sister’s RESP.
• The money can be transferred to a Registered Retirement Savings Plan.

What is a Qualifying Educational Programs?

Educational Program In Canada:

• Full-time education: Duration of at least 3 weeks in a row and with at least 10 hours of courses each week.
• Part-time education: At least 12 hours of courses per month.

Educational Program Outside Canada:

• Full-time education: A program at a foreign educational institution with a duration of at least 13 weeks.

Canada Education Savings Grant and Family Income:

On the first yearly contribution of $500 in a child’s Registered Education Savings Plan (RESP), the Canada Education Savings Grant (CESG ) amount is:

• up to $200, if your net family income is $39,065 or less
• up to $150, if your net family income is between $39,065 and $78,130, or
• up to $100, if your net family income is more than $78,130.