Discover how to capture the maximum Canada Education Savings Grant (CESG) and grow your child's education fund through strategic RESP contributions.
The "Free" Money
The Registered Education Savings Plan (RESP) is one of the most generous savings tools provided by the Canadian government. Through the CESG, the government matches 20% of your contributions—up to $500 per year, per child—to a lifetime limit of $7,200.
Optimizing Your Contribution
To maximize the grant each year, you need to contribute $2,500. However, if you've missed years in the past, we can catch up by contributing up to $5,000 per year to capture two years' worth of grants at once. I'll help you map out a contribution schedule that fits your budget while leaving no grant money on the table.
Investment Allocation
As your child approaches post-secondary age, we shift the RESP from growth-oriented investments to capital preservation. This ensures that the funds are there when the first tuition bill arrives.
"An optimized RESP is the greatest gift you can give your child—the ability to graduate university debt-free."— Rahul Jain