Government Grants

The best part of an RESP is the grant money!

To assist you in your efforts to save, the Government of Canada and the Government of Quebec supplement your savings with substantial grants deposited directly into your RESP.
You’ll be amazed to see how fast your savings add up with these grants.

Up to $12,800

per child within reach with an RESP

Depending on your ajusted family net income and your contributions, your child could receive the following grants
All you have to do is open an RESP to receive grants! Universitas takes care of everything else!
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The sooner you contribute, the more you earn

year(s)

You can set up an RESP for only $10.50/month

$/month
In which province do you live?

RESP Grants 101

What steps do I have to take to receive the grants?

We take care of applying for the grants on your behalf. When you open your plan and sign your contract, your representative will help you fill out the necessary application form(s). All we need is your social insurance number (SIN) and the SIN of your beneficiary.

If you are not the primary caregiver or custodial parent of the child for whom you wish to open an RESP, the primary caregiver or custodial parent has to complete Annex B of the CESG and CLB application form. Your representative will tell you everything you need to know.

Who is the child’s primary caregiver?

This is the person who receives the Canada Child Tax Benefit, also known as the family allowance or baby bonus. The subscriber is therefore not necessarily the primary caregiver.

The grants to which the beneficiary is entitled are calculated based on the adjusted family net income of the child’s primary caregiver.

Is my child entitled to the Canada Education Savings Grant (CESG)?

Every Canadian child is entitled to the basic 20% Canada Education Savings Grant (CESG), regardless of family income.

The additional CESG provides an extra grant of 10% or 20% to modest- and middle-income families.

Is my child entitled to the Quebec Education Savings Incentive (QESI)?

Every child in Quebec is entitled to the basic 10% Quebec Education Savings Incentive (QESI), regardless of family income.

The additional QESI also provides an extra grant of 5% or 10% to modest- and middle-income families.

How does the Canada Learning Bond (CLB) work? Who is eligible?

The Canada Learning Bond (CLB) is paid into the RESP of any child born after December 31, 2003, from a family who meets the financial criteria established by the federal government (families that formerly received the National Child Benefit Supplement).

Is it possible to recover unclaimed grants from previous years?

Yes. Initially, the maximum contribution amount eligible for grants is $2,500 per year. This is the amount that allows you to maximize your grants.
Therefore, if you didn’t contribute during a given year, you can contribute up to $5,000 to maximize the grants for the current and previous year.

Want to take your RESP to its full potential?

We’ve got you covered with strategies for optimal performance.