Master List of Designated Educational Institutions
The Master List of Designated Educational Institutions is available at
RESP Canada Education Savings Grant
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.
How to use a 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.
Qualifying Educational Programs
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.
Family Income: Canada Education Savings Grant
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.