Canada Education Savings Grant – CESG definition explanation

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. Read more for examples and further explanation including related video clips and also comments

Example explains 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.

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