Registered Educational Savings Plan

The Government of Canada encourages the use of Registered education savings plans (RESP) to save for a child's post-secondary education, which includes full or part-time studies at a trade school, CEGEP, college, university, or in an apprenticeship program.

The Canada Education Savings Grant is available until the calendar year in which the beneficiary turns 17, and the maximum lifetime amount, including the additional CESG, is $7,200.