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<h1 class="gc-thickline" id="wb-cont" property="name">How much money benefits could add to the RESP</h1>
<h2>On this page</h2>
<ul>
<!--<li><a href="#_Estimate">Estimate how much you could get </a></li>-->
<li><a href="#_Benefits">Benefits can add money to the RESP</a></li>
<li><a href="#_Bond">CLB amounts and eligibility criteria</a></li>
<li><a href="#_Grant">CESG amounts and eligibility criteria</a></li>
<li><a href="#_Prov">Other benefits for people in British Columbia and Quebec</a></li>
</ul>
<!--ESTIMATOR HERE
<h2 id="_Estimate">Estimate how much you could get</h2>
END OF ESTIMATOR-->
<section>
<h2 id="_Benefits">Benefits can add money to the RESP</h2>
<p>A <a class="wb-lbx lbx-modal" title="beneficiary definition" href="#inline_content_modal_bens">beneficiary</a>
with a Registered Education Savings Plan (RESP) may be eligible for the Canada Learning Bond (CLB), the Canada Education Savings Grant (CESG), and provincial benefits.</p>
<ul>
<li>The CLB can provide up to a lifetime maximum of <strong>$2,000</strong> for each eligible child from families with low income</li>
<ul>
<li>No contributions to the RESP are needed to get the CLB</li>
<li>The beneficiary could receive $500 the first year they're eligible, then another $100 each eligible year after that</li>
<li>The CLB is retroactive. The beneficiary can still be eligible to receive it up to the day before they turn 21</li>
</ul>
<br>
</li>
<li>The CESG can provide up to a lifetime maximum of <strong>$7,200</strong> to an RESP</li>
<ul>
<li>Contributions must be made to the RESP to get the CESG</li>
<li>The CESG adds a percentage of the contributions made to an RESP</li>
<li>The CESG can add a maximum of $500 to an RESP each year, and up to another $100 for eligible families with middle- and low-income</li>
<li>If you don’t receive the maximum CESG amount in a given year, you can still receive it in future years. You can catch up on this amount by making more contributions to the RESP</li>
<li>The CESG is available until the end of the calendar year that the beneficiary turns 17.</li>
</ul>
<br>
<li>Beneficiaries living in British Columbia may be eligible for an additional one-time <strong>$1,200 </strong> grant, and beneficiaries living in Quebec may be eligible for a refundable tax credit with a lifetime maximum of <strong>$3,600</strong>.</li>
</ul>
</section>
<section>
<h2 id="_Bond">CLB amounts and eligibility criteria</h2>
<p>If the <a class="wb-lbx lbx-modal" title="beneficiary definition" href="#inline_content_modal_bens">beneficiary</a> is eligible to receive the Canada Learning Bond (CLB), they could receive <strong>$500 the first year</strong>, and then another <strong>$100 each eligible year</strong> after that, up to a lifetime maximum of $2,000.</p> <p>Adults born in 2004 or later may still be eligible to receive the CLB until the day before they turn 21.</p>
<h3>CLB eligibility </h3>
<p>To be eligible for the CLB, the beneficiary must:</p>
<ul>
<li>be a resident of Canada</li>
<li>have a Social Insurance Number (SIN)</li>
<li>be named as a beneficiary in an RESP</li>
<li>be born on or after January 1, 2004</li>
<li>be from a family with <a href=#_clb_incom>low-income </a></li>
</ul>
<p>As well, the primary caregiver of the beneficiary must:</p>
<ul>
<li>have filed income tax returns for each year they wish to request the CLB for the beneficiary </li>
<li>be eligible to receive the <a href=https://www.canada.ca/en/revenue-agency/services/child-family-benefits/canada-child-benefit-overview.html>Canada Child Benefit (CCB)</a></li>
</ul>
<br>
<p>No contributions to the RESP are needed to get the CLB. Eligibility for the CLB is based on the <a class="wb-lbx lbx-modal" title="adjusted family income definition" href="#inline_content_modal_income">adjusted family income</a> of the <a class="wb-lbx lbx-modal" title="primary caregiver definition" href="#inline_content_modal_pcg">primary caregiver.</a></p>
<p>The CLB amounts accumulate each year of eligibility until December 31 of the year in which the beneficiary turns 15. The primary caregiver can request the CLB for an eligible child until the day before they turn 18. Once the child turns 18, they could also become the subscriber of their own RESP and request the CLB for themselves, until the day before they turn 21.</p>
<p>Children in care, for whom a Children’s Special Allowance is payable, are also eligible for the CLB.</p>
<p> For July 1, 2022 to June 30, 2023, the income eligibility amount for the CLB is based on the following:</p>
<h3 id="_clb_income"><strong>Table: Adjusted family income and eligibility for the CLB</strong></h3>
<table class="table table-bordered">
<tbody>
<tr>
<th scope="row">Number of children</th>
<th scope="row">Adjusted income level</th>
</tr>
<tr>
<td>1 to 3</td>
<td class="text-right">Less than or equal to $50,197</td>
</tr>
<tr>
<td>4</td>
<td class="text-right">Less than $56,636</td>
</tr>
<tr>
<td>5</td>
<td class="text-right">Less than $63,101</td>
</tr>
</tbody>
</table>
<p>For families with more than 5 children, call 1 800 O Canada (1-800-622-6232).</p>
</section>
<section>
<h2 id="_Grant">CESG amounts and eligibility criteria</h2>
<p>If the <a class="wb-lbx lbx-modal" title="beneficiary definition" href="#inline_content_modal_bens">beneficiary</a> is eligible to receive the Canada Educations Savings Grant (CESG), they could receive up to <strong>$500 each year</strong> of eligibility. Eligible children from families with middle- or low-income could receive up to <strong>another $100 each year.</strong> The lifetime maximum that can be received from the CESG is $7,200.</p>
<p>To receive the CESG, <strong>contributions must be made to the RESP.</strong> The CESG adds an amount to the RESP based on contributions made. If eligible, beneficiaries can receive up to 20% of the first $2,500 contributed to the RESP. Eligible beneficiaries from families with middle- and low-income can receive an additional 10% or 20% of the first $500 contributed to the RESP. </p>
<p>CESG amounts accumulate and can carry-forward to the current year. If you don’t receive the maximum CESG amount in a given year, you can still receive it in future years. You can catch up on this amount by making more contributions to the RESP.</p>
<h3>How much eligible beneficiaries could get from the CESG each year</h3>
<details>
<summary>If annual adjusted family income is $53,359 or less</summary>
<p>If it’s the <a class="wb-lbx lbx-modal" title="beneficiary definition" href="#inline_content_modal_bens">beneficiary's</a> first year of eligibility for the CESG, the CESG could provide <strong> up to $600:</strong></p>
<ul>
<li>20% of the first $2,500 contributed to the RESP: <strong>$500</strong></li>
<li>20% of the first $500 contributed to the RESP: <strong>$100</strong></li>
<li>Any amount of contribution will receive the CESG, up to these limits. In this example, to receive $600 from the CESG, contributions made to the RESP over the year would total $2,500.</li>
</ul>
<p>Unused CESG amounts can carry forward to later years. If the beneficiary didn’t receive the maximum CESG amount in a previous year, the CESG could provide up to <strong>another $500, for a total of $1,100 this year:</strong></p>
<ul>
<li>20% of contributions on top of the first $2,500, up to another $2,500 contribution: <strong>$500</strong></li>
<li>You must have unused CESG amounts from previous years.</li>
<li>In this example, contributions made to the RESP this year would total $5,000 to receive $1,100 from the CESG. This includes the amount for this year and the carry-forward amount from previous years.</li>
</ul>
</details>
<details>
<summary>If annual adjusted family income is greater than $53,359 and up to $106,717</summary>
<p>If it’s the <a class="wb-lbx lbx-modal" title="beneficiary definition" href="#inline_content_modal_bens">beneficiary's</a> first year of eligibility for the CESG, the CESG could provide <strong> up to $550:</strong></p>
<ul>
<li>20% of the first $2,500 contributed to the RESP: <strong>$500</strong></li>
<li>10% of the first $500 contributed to the RESP: <strong>$50</strong></li>
<li>Any amount of contribution will receive the CESG, up to these limits. In this example, to receive $550 from the CESG, contributions made to the RESP over the year would total $2,500.</li>
</ul>
<p>Unused CESG amounts can carry forward to later years. If the beneficiary didn’t receive the maximum CESG amount in a previous year, the CESG could provide up to <strong>another $500, for a total of $1,050 this year:</strong></p>
<ul>
<li>20% of contributions on top of the first $2,500, up to another $2,500 contribution: <strong>$500</strong></li>
<li>You must have unused CESG amounts from previous years.</li>
<li>In this example, contributions made to the RESP this year would total $5,000 to receive $1,050 from the CESG. This includes the amount for this year and the carry-forward amount from previous years.</li>
</ul>
</details>
<details>
<summary>If annual adjusted family income is greater than $106,717</summary>
<p>If it’s the <a class="wb-lbx lbx-modal" title="beneficiary definition" href="#inline_content_modal_bens">beneficiary's</a> first year of eligibility for the CESG, the CESG could provide <strong> up to $500:</strong></p>
<ul>
<li>20% of the first $,500 contributed to the RESP: <strong>$500</strong></li>
<li>Any amount of contribution will receive the CESG, up to these limits. In this example, to receive $500 from the CESG, contributions made to the RESP over the year would total $2,500.</li>
</ul>
<p>Unused CESG amounts can carry forward to later years. If the beneficiary didn’t receive the maximum CESG amount in a previous year, the CESG could provide up to <strong>another $500, for a total of $1,000 this year:</strong></p>
<ul>
<li>20% of contributions on top of the first $2,500, up to another $2,500 contribution: <strong>$500</strong></li>
<li>You must have unused CESG amounts from previous years.</li>
<li>In this example, contributions made to the RESP this year would total $5,000 to receive $1,000 from the CESG. This includes the amount for this year and the carry-forward amount from previous years.</li>
</ul>
</details>
<p><a class="wb-lbx lbx-modal" title="adjusted family income definition" href="#inline_content_modal_income">How to determine your adjusted family income.</a></p>
<h3>CESG eligibility</h3>
<p>The CESG is available until the end of the calendar year that a child turns 17. <strong>A contribution must be made to the RESP to receive the CESG.</strong></p>
<p>To be eligible for the CESG, the child must:</p>
<ul>
<li>be a resident of Canada</li>
<li>have a Social Insurance Number (SIN)</li>
<li>be named as a beneficiary in an RESP</li>
<li>be 17 years old or younger</li>
</ul>
<p>Use the <strong>calendar year</strong> to determine:</p>
<ul>
<li>CESG eligibility</li>
<li>the amount of contributions made </li>
<li>the CESG room earned and used in the last year </li>
</ul>
<br>
<p>There are eligibility restrictions for children who are 16 or 17 years old.</p>
<details>
<summary>CESG eligibility for children aged 16 or 17 </summary>
<p>Children who are 16 or 17 years old may be eligible to get the CESG. To be eligible, they must meet at least one of the following conditions before the end of the calendar year they turn 15:</p>
<ul>
<li>a total of at least $2,000 is contributed to (and not withdrawn from) the RESP</li>
<li>a minimum annual contribution of $100 is made to (and not withdrawn from) the RESP in any four previous years</li>
</ul>
</details>
<details>
<summary id="carry-forward">CESG carry forward</summary>
<p>Unused CESG amounts from previous years accumulate until the end of the year in which the child turns 17, even if they are not a beneficiary of an RESP.</p>
<p>If there is an unused CESG amount from previous years, the <a class="wb-lbx lbx-modal" title="subscriber definition" href="#inline_content_modal_sub">subscriber</a> can contribute more than $2,500 to the RESP per year and receive up to 20% of their contributions (up to $5,000) each year. This way, a child could get up to $1,000 of the CESG in their RESP per calendar year if there are unused amounts from previous years.</p>
<p>As long as the lifetime CESG limit ($7,200) is not exceeded, the CESG room can be carried forward.</p>
</details>
</section>
<section>
<h2 id="_Prov">Other benefits for people in British Columbia and Quebec</h2>
<p>British Columbia and Quebec offer provincial benefits that may add money to an RESP. This is on top of any money from the CLB or CESG.</p>
<details>
<summary>British Columbia Training and Education Savings Grant (BCTESG)</summary>
<p>The B.C. Government will contribute $1,200 to eligible children through the <a rel="external" href="https://www2.gov.bc.ca/gov/content/education-training/k-12/support/scholarships/bc-training-and-education-savings-grant">B.C. Training and Education Savings Grant (BCTESG)</a>.</p>
<p> To be eligible for the $1,200 BCTESG:</p>
<ul>
<li>Parent and child must be residents of B.C.</li>
<li>Child must have been born in 2006 or later</li>
<li>Child must be named as beneficiary of a RESP with a participating financial institution</li>
</ul>
</details>
<details>
<summary>Quebec Education Savings Incentive (QESI)</summary>
<p><a rel="external" href="https://www.revenuquebec.ca/en/citizens/tax-credits/quebec-education-savings-incentive/">The Québec education savings incentive (QESI)</a> is a tax measure that encourages Québec families to start saving early for the post-secondary education of their children and grandchildren. The lifetime maximum that can be received from the QESI is $3,600 for eligible beneficiaries.</p>
</details>
<h3>Discontinued benefits</h3>
<details>
<summary>Saskatchewan Advantage Grant for Education Savings (SAGES)</summary>
<p>This benefit is suspended. You can no longer apply for this benefit. <a href="http://www.saskatchewan.ca/SAGES#utm_campaign=q2_2015&utm_medium=short&utm_source=%2FSAGES">The Saskatchewan Advantage Grant for Education Savings (SAGES) program</a> has been suspended as of January 1, 2018, and is being wound down. SAGES grants will be converted to earnings and will continue to be paid out as part of an Educational Assistance Payment (EAP) to an eligible beneficiary enrolled in a qualifying educational program at a designated post-secondary institution.</p>
</details>
</section>
<section>
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<!-- CONTENT ENDS HERE -->
<section id="inline_content_modal_prom" class="mfp-hide modal-dialog modal-content overlay-def">
<header class="modal-header">
<h2 class="modal-title">"Promoter" definition</h2>
</header>
<div class="modal-body">
<p>The <strong>promoter</strong> is the financial organization where you open the RESP. The promoter administers all amounts contributed into the RESP and releases money from the RESP to the beneficiary when it is needed for eligible expenses for education after high school.</p>
</div>
</section>
<section id="inline_content_modal_sub" class="mfp-hide modal-dialog modal-content overlay-def">
<header class="modal-header">
<h2 class="modal-title">"Subscriber" definition</h2>
</header>
<div class="modal-body">
<p>The <strong>subscriber</strong> is the person who opens the RESP with a promoter. Anyone can be a subscriber and open an RESP for a child. This includes parents, guardians, grandparents, other relatives, and friends. The subscriber can also choose to make contributions. Contributions to the RESP are not needed to receive the CLB, but are needed to receive the CESG.</p>
</div>
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<h2 class="modal-title">"Beneficiary" definition</h2>
</header>
<div class="modal-body">
<p>The <strong>beneficiary</strong> is the person (usually a child) who will get money from the RESP to pay for their education after high school, as long as the school and program are eligible.
<ul>
<li>The beneficiary can be a child or an adult</li>
<li>The beneficiary can be the same person as the subscriber, if an adult opens an RESP for themselves</li>
<li>Depending on the plan type, there can be more than one beneficiary for each RESP</li>
</ul>
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<h2 class="modal-title">"Adjusted family income" definition</h2>
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<p>The adjusted family income is the amount used, in part, to determine eligibility for the CLB and the amount of the CESG. Adjusted family income is the primary caregiver's, and their spouse/common-law partner's pre-taxed income (line 23600 of the income tax return), minus any Canada Child Benefit (CCB) and Registered Disability Savings Plan (RDSP) income received. If you repaid any CCB or RDSP income in a given year, you can add that amount is added back into your adjusted family income.</p>
<h3>How to calculate adjusted family income</h3>
<ul class="fa-ul lst-spcd mrgn-bttm-lg mrgn-lft-lg">
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<li>
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<span class="mrgn-tp-0 text-muted h5"> Adjusted family income</span>
</li>
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<section id="inline_content_modal_pcg" class="mfp-hide modal-dialog modal-content overlay-def">
<header class="modal-header">
<h2 class="modal-title">"Primary caregiver" definition</h2>
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<div class="modal-body">
<p>This is the person who is eligible to receive the Canada Child Benefit in the child's name. The signature and Social Insurance Number of the primary caregiver or of their cohabiting spouse or common-law partner , are required when requesting certain benefits.</p>
<p>The primary caregiver may also be a public institution: A child care department, agency, institution or organization eligible to receive payments under the Children’s Special Allowances Act, for the child, for at least 1 month of the benefit year. To request the CESG and the CLB, the public primary caregiver must provide their Business Number (BN).</p>
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<time property="dateModified">2021-11-30</time>
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