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What’s the maximum I can contribute to my child’s RESP?


In accordance with the Income Tax Act (Canada), the maximum lifetime RESP contribution limit per beneficiary is $50,000 for all plans combined from any RESP provider.

To receive the maximum in government grants, it is recommended to spread contributions over several years. Parents who have the chance to maximize education savings grants should know that the lifetime limit for the Canada Education Savings Grant (CESG) is $7,200 per beneficiary, and $3,600 for the Quebec Education Savings Incentive (QESI).1


Legal Notes

1. The annual CESG limit is set at $600 and the annual QESI limit is set at $300. Certain conditions apply. See our prospectus.

* Our lawyers insist that we mention the identities marked with an asterisk are fictitious and only serve to present the most frequently asked questions. We understand your concerns well, so we took the lead. The answers, for their part, are all very real.