Government Grants

Support options are available

Grants for RDSP’s

The Canada Disability Savings Grant (CDSG) is a matching grant that the government will deposit into the RDSP. Grants of up to 300% are available, depending on the amount contributed and the beneficiary’s family income. A maximum entitlement of $3,500 each year can be generated with a limit of $70,000 over the beneficiary’s lifetime. Unused grant entitlements will carry forward for up to 10 years.

Grants for RESP’s

The Canada Education Savings Grant (CESG) is a federal grant that helps parents contributing to an RESP. It is a grant, not a loan, so as long as it’s used for your child’s post-secondary education, you don’t usually have to pay the money back. It’s like “free” money that could provide up to an additional $7,200 in extra investment capital over time.

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