Federal Education Grants
Federal Education Grants
Additional Canada Education Savings Grant
The Additional Canada Education Savings Grant is for low-income and middle-income families. This money is added to a child’ s Registered Education Savings Plan to help them receive the maximum grant amount.
This grant money is on top of the money from the basic Canada Education Savings Grant( Basic CESG).
How the Additional Canada Education Savings Grant works To get the Additional Canada Education Savings Grant( A-CESG), a Registered Education Savings Plan( RESP) must have been opened for your child.
The Additional Canada Education Savings Grant is in addition to the basic Canada Education Savings Grant.
If the primary caregiver ' s net family income changes, future eligibility for the Additional Canada Education Savings Grant may be affected.
Eligibility
This grant is available as long as:
� the child is a Canadian resident.
� an RESP has been opened in their name.
� contributions have been made to their RESP.
� the Additional Canada Education Savings Grant has been Requested.
Take Note! Depending on your family income, your child could receive an additional grant that could range from 10 – 20 cents for every dollar that you put in( on the first $ 500 that you put into an RESP each year). * This amount may be updated annually, current as of July 2015
The amount of money that each child can receive in additional grant money depends on the net family income of the child’ s primary caregiver.
Application and Questions Contact your bank or credit union for information about and to apply for these grants.
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