Planning for a child’s post-secondary education, whether it is in an apprenticeship program, CEGEP, trade school, college or university, can open up a world of opportunities for a child.
To help save for a child’s future studies, the Government of Canada provides two education savings incentives, which are deposited into a Registered Education Savings Plan (RESP).
Canada Education Savings Grant (CESG)
Information on money paid by the Government of Canada up to a maximum $7,200, to encourage parents, friends, and family members save early for the post-secondary education of a child.
Canada Learning Bond (CLB)
Information on money paid by the Government of Canada up to a maximum of $2,000, to help parents, friends, and family members save early for the post-secondary education of a child.