What is ‘Canada Education Savings Grant – CESG’
A grant from the Government of Canada paid directly into a beneficiary’s Registered Education Savings Plan (RESP). It adds 20% to the first $2,000 in contributions made into an RESP on behalf of an eligible beneficiary each year.
Explaining ‘Canada Education Savings Grant – CESG’
The CESG is an incentive program designed to encourage people to save for a child’s education and to lessen the financial burden of a post-secondary education.
Further Reading
- Education savings plans, matching contributions, and household financial allocations: Evidence from a Canadian reform – www.sciencedirect.com [PDF]
- Tax preferences for education saving: are RESPs effective? – search.proquest.com [PDF]
- Registered education savings plans: A tax incentive response to higher education access – heinonline.org [PDF]
- Formative Evaluation of the Canada Education Savings Grant Program – eric.ed.gov [PDF]
