Government grants

A key feature that distinguishes RESPs from other registered or tax-deferred savings plans such as Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Accounts (TFSAs) is access to government grants. Canadian governments offers incentives to save towards post-secondary education in the form of federal and provincial grants.

At C.S.T. Consultants Inc., we simplify the process by applying directly to the federal government and relevant provincial governments at your request. Make the most of these incentives by managing your contributions effectively so that you can optimize this extra source of money.

British Columbia Training and Education Savings Grant

Your child could be eligible for this grant being offered by the B.C. government. It is a one-time education savings grant of $1,200 paid into an RESP for any B.C. resident child. The first date you can apply for the grant is on the day your child/beneficary turns 6 year old. The last day to apply for the grant is on the day before they turn 9 years old. This grant is available for any child born in 2006 or later. If your child is eligible, you can complete the application found at and send it to our Customer Care Department along with proof of BC residency

At least one of the following documents proving residency must be provided at the time of application.

  • a valid British Columbia driver’s license
  • a British Columbia Identification Card with a picture
  • a British Columbia Services Card (new BC CareCard and driver’s license will be fully implemented in 2018)
  • a British Columbia utilities bill dated within the last 3 months and listing the current address of the custodial parent or the legal guardian. A utilities bill can be any one of: electricity, gas, phone, cable, water or garbage bills.

For more details, please visit

Canada Education Savings Grant (CESG)

Offered by the government of Canada, the basic CESG is available to any Canadian resident that opens an RESP. The basic grant matches 20% of the first $2,500 you contribute to your child’s RESP each year, up to a lifetime maximum of $7,200 per child. That works out to an extra $500 paid directly into your child’s RESP every year.

Additional CESG

If your family’s income falls below a certain level, your child’s RESP might qualify for 10% - 20% in Additional Canada Education Savings Grants on top of the basic 20% CESG. This works out to 10% to 20% additional grant contributions on the first $500 you save in your child’s RESP each year that you qualify for ACESG.

Canada Learning Bond (CLB)

Families with lower income can receive $500 in the first year and an additional $100 per year for each year they qualify until their child turns 15 - this could add up to an additional $2,000 in grants towards their child’s RESP.

Quebec Education Savings Incentive (QESI)

Offered by the government of Quebec, QESI provides 10% on the first $2,500 contributed annually to an RESP by residents of Quebec up to a lifetime maximum of $3,600.

Additional QESI

If you are a resident of Quebec and your family’s income falls below a certain level, your child’s RESP might qualify for another 5% - 10% on the first $500 contributed each year to your child’s RESP.

Saskatchewan Advantage Grant for Education Savings (SAGES)

Offered by the government of Saskatchewan, SAGES provides 10% of the first $2,500 contributed annually to an RESP by residents of Saskatchewan to a lifetime maximum of $4,500. The Saskatchewan Government has announced the temporary suspension of this program effective January 1, 2018. You have until December 31, 2017 to make contributions to an RESP and be eligible for SAGES. Don’t miss out, time is running out!