Canada Education Savings Grant - CESG

AAA

DEFINITION of 'Canada Education Savings Grant - CESG'

A grant from the Government of Canada paid directly into a beneficiary's Registered Education Savings Plan (RESP). It adds 20% to the first $2,000 in contributions made into an RESP on behalf of an eligible beneficiary each year.

INVESTOPEDIA EXPLAINS 'Canada Education Savings Grant - CESG'

The CESG is an incentive program designed to encourage people to save for a child's education and to lessen the financial burden of a post-secondary education.

RELATED TERMS
  1. Nest Egg

    A substantial sum of money that has been saved or invested for ...
  2. Accumulated Income Payments - AIP

    Money withdrawn from a Canadian Registered Education Savings ...
  3. Education IRA

    A savings plan for higher education. Parents and guardians are ...
  4. Coverdell Education Savings Account ...

    A tax-deferred trust account created by the U.S. government to ...
  5. Abbreviated New Drug Submission ...

    A written request to Health Canada to obtain marketing approval ...
  6. Keystone XL Pipeline

    A proposed extension of the Keystone pipeline system that is ...
Related Articles
  1. Don't Forget The Kids: Save For Their ...
    Savings

    Don't Forget The Kids: Save For Their ...

  2. Canadian Grants And Tax Credits Fund ...
    Savings

    Canadian Grants And Tax Credits Fund ...

  3. Invest In Your Education With An RESP
    Options & Futures

    Invest In Your Education With An RESP

  4. What's the difference between a grace ...
    Credit & Loans

    What's the difference between a grace ...

Hot Definitions
  1. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  2. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  3. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  4. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  5. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  6. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
Trading Center