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EDUCATION SAVINGS

A registered savings account that receives federal and provincial government education grants based on yearly maximum contributions. Contributions and grants can grow from investing in various approved market-linked products to be used for a child's continuing education after completing high school such as college, university or trade school.

RESP

Canada education savings grant (CESG) 20% on a maximum annual contribution of $2500.00 totalling a lifetime maximum grant of $7200.00. MORE

Quebec Education Saving Incentive ( QESI ) 10% on a maximum annual contribution of $2500.00 totalling a lifetime maximum grant of $3600.00. MORE

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