More Today,
Means More Tomorrow
Make the Most of Your RESP
Make an additional deposit in your RESP1 before December 31, 20222, to take advantage of the substantial grants provided by the government.
You could even recover unclaimed grants from previous years3. Depending on your situation and how old your beneficiary currently is, there are different ways you can receive extra money in your RESP.
1. Additional amounts at the client’s discretion. Minimum of $50 in a REFLEX Plan and $25 in an INDIVIDUAL Plan.
2. Grants can be paid until the end of the calendar year in which the beneficiary turns 17 years old. Certain conditions apply; see our prospectus.
3. Basic Canada Education Savings Grant (CESG) is 20% and basic Quebec Education Savings Incentive (QESI) is 10%. The annual limit in basic CESG is $500 ($1,000 if unclaimed grants from previous years) and $250 in basic QESI ($500 if unclaimed grants from previous years). Additional CESG from 10% to 20% and additional QESI from 5% to 10%, based on adjusted family net income. The maximum cumulative lifetime amount per beneficiary is $7,200 in CESG and $3,600 in QESI. Certain conditions apply; see our prospectus.
4. Contingent on the receipt of the required grant application authorization. Certain conditions apply; see our prospectus.
5. Canada Education Savings Grant (CESG) from 20% to 40%. Based on adjusted family net income. Quebec Education Savings Incentive (QESI) from 10% to 20%. Based on adjusted family net income. Certain conditions apply; see our prospectus.
6. See which post-secondary programs are eligible in our prospectus at kaleido.ca. Certain conditions apply. Subject to the withdrawal limits established under the Income Tax Act (Canada).
COVID-19: Information regarding our operations