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RESP Centre

The spiraling cost of post-secondary school education has many parents concerned about whether they will be able to afford to send their children to college or university. A Registered Education Savings Plan (RESP) with CI Investments is an excellent way to start saving today for your children's education tomorrow.

Contributions to an RESP may qualify for federal and provincial government grants. Your contributions and any grant will accumulate and grow tax-free in an RESP. When funds are withdrawn for tuition, only the growth and grant portion of the plan is taxable in the hands of the student(s), who will, in all likelihood, be in a low tax bracket.

For more general information on RESPs, click here.

CI’s Guide to RESP Grant Programs

In 2004, the Government of Canada introduced two new RESP grant programs. In addition to the Basic Canada Education Savings Grant (Basic CESG), RESP beneficiaries may now qualify to receive the Additional Canada Education Savings Grant (Additional CESG) and the Canada Learning Bond (CLB). The two new grant programs are based upon the primary caregiver’s income.

The Provincial Governments have also decided to offer added incentives to encourage early savings for educational purposes. The Government of Alberta introduced the Alberta Centennial Education Savings (ACES) grant, a new education savings grant for eligible Alberta children. Furthermore, Revenu Qu�bec has also introduced the Qu�bec Education Savings Incentive (QESI) as a tax measure for eligible beneficiaries who reside in Qu�bec.

RESP Federal Grant Program Requirement Checklist
RESP Provincial Grant Program Requirement Checklist
• Use this checklist to determine if the RESP beneficiary meets the specific criteria for each RESP grant program

RESP Grant Program Application Chart
• Use this chart to determine which RESP program application form is required for each grant
• View and print PDF copies of grant program applications and grant program brochures

Program Name	Who is the RESP Subscriber?	Application Form Name	Notes
Basic CESG Additional CESG CLB	Parent (Subscriber is the beneficiary’s custodial parent or legal guardian and primary caregiver)6	Basic and Additional Canada Education Savings Grant and Canada Learning Bond Application - Subscriber(s) Only (HRSDC SDE 0073)	Both pages of the application must be completed for each eligible beneficiary. This form can be used to apply for any or all of the three programs.
Basic CESG Additional CESG CLB	Non-Parent (Subscriber is not the beneficiary’s custodial parent or legal guardian and primary caregiver)	Basic and Additional Canada Education Savings Grant and Canada Learning Bond Application (HRSDC SDE 0071)	All six pages of the application must be completed for each eligible beneficiary. This form can be used to apply for any or all of the three programs.
ACES	Parent or Non-Parent	Application for Alberta Centennial Education Savings Grant	Please complete one application for each eligible beneficiary. Proof of residency for the parent/ guardian must accompany the ACES application. Photocopy of driver’s license, Alberta photo I.D., bank statements or utility bills are acceptable.
QESI	Parent or Non-Parent	No Documents Required	This incentive is automatically applied for on behalf of eligible beneficiaries.

Québec Education Savings Incentive

The Québec Education Savings Incentive (QESI) is a tax measure designed to encourage Québec families to start saving early for the education of their children and grandchildren.

The incentive, which was announced in the 2007 Québec provincial budget, consists of a grant of up to $250.00 paid directly into a Registered Education Savings Plan (RESP) opened with a financial institution that can accept the QESI.

CI Investments is aiming to launch the QESI by the fourth quarter of 2010. This will allow CI to retroactively apply for any missed grant for a total of up to three years. Since the program began on February 21, 2007, CI will be able to apply for all grants that a beneficiary may have qualified for.

Once a definite date has been determined, CI will ensure that communications on all of the pertinent details are made available to our clients and advisors.

For additional information, please review our list of Frequently Asked Questions.

Helpful Links & Resources:

CI Client Services - English
1-800-792-9355

CI Client Services – French
1-800-668-3528

Human Resources and Skills Development Canada (HRSDC) or call 1-800-O-Canada

Government of Alberta (ACES information only)

Revenu Québec (QESI information only)

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