Canada Education Savings Grant:
After the 60-day review period, the CESG grant typically goes into your RESP 4 to 6 weeks after you make your contribution. In other words, if you contribute $2,500 in a lump sum, you’ll see an additional $500 added to your RESP in a month or so. If you contribute $200 every month, you’ll get multiple grant payments of $40 throughout the year. You’ll love seeing the 20% matching grant when you sign into CST Spark’s secure website to review your plan. It’s another way the Canadian government supports you as you pave the way for your child’s future dreams to take shape.
Quebec education savings incentive:
The QESI (for Quebec residents) appears in eligible RESPs by May or June every year, based on the previous year’s contribution.
B.C. Training and Education Savings Grant:
The BCTESG (for British Columbia residents) typically goes into your RESP 30 to 60 days from the time your application was submitted. You may apply for this grant when your child is between the ages of 6 and 9 years old.