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 Says:
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:
Coverdell Education Savings Account - ESA
Education IRA
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