RESP Canada

What is the Master List of Designated Educational Institutions?

About the Master List of Designated Educational Institutions:
Each educational institution has a four character Educational Institution Code.
The Master List of Designated Educational Institutions is available at

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How is an Registered Education Savings Plan (RESP) used?

About how to use an RESP:

• 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.

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What is a Qualifying Educational Programs?

About Qualifying Educational Programs 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.

About Educational Programs Outside Canada:

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

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What is the Additional Canada Education Savings Grant (A-CESG)?

About the Canada Education Savings Grant and Family Income:
The Additional Canada Education Savings Grant is paid in addition to the first yearly Canada Education Savings Grant contribution of $500 in a child’s Registered Education Savings Plan (RESP) and it is paid based on the net family income of the child’s primary caregiver.
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What is the maximum Registered Education Savings Plan (RESP) contribution in Canada?

About the Maximum RESP contribution Canada:
The maximum lifetime RESP contribution limit is $50,000 per child.
There is no annual limit on the RESP contributions. However, the Canada Education Savings Grant payment is based on a maximum of $2500 of contributions made per year.
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