07/27/2026
📚 RESP Matching Explained: How the Government Grants Help You Save
One of the biggest advantages of opening a Registered Education Savings Plan (RESP) is that the Government of Canada helps you save through the Canada Education Savings Grant (CESG).
Here's how it works:
💰 For every $100 you contribute to your child's RESP, the government can add $20.
That means:
✔️ Contribute $500 → Receive $100 from the government
✔️ Contribute $1,000 → Receive $200 from the government
✔️ Contribute $2,500 in a year → Receive the maximum standard annual CESG of $500
Your contributions and the government grant are invested together, giving your child's education savings more opportunity to grow over time.
Did you know?
The basic CESG is available to most Canadian children who qualify.
Some lower- and modest-income families may qualify for additional CESG, increasing the government contribution.
If you've missed contributing in previous years, you may be able to catch up on unused CESG, subject to annual grant limits.
Whether your child dreams of attending university, college, or a skilled trades program, an RESP can help make those goals more affordable.
Not sure if you're maximizing the government grants available to your family?
📩 Reach out today—I'd be happy to review your RESP strategy and help you make the most of the savings opportunities available.