What are government grants and how do I take advantage of them?

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. Governments offer incentives to save towards post-secondary education in the form of federal and (in some cases) provincial grants. At CST Consultants Inc., when you authorize us to do so, we simplify the process by applying directly to the federal government and relevant provincial governments on your behalf. We encourage you to make the most of these incentives by managing your contributions effectively so that you can optimize this extra source of money. For a full list of the grants that are available to you, please click here.

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