A Beneﬁciary under a Registered Education Savings Plan is an individual named by
the subscriber who will receive Educational Assistance Payments if the individual
qualiﬁes for these payments under the terms of the plan.
A person including a public primary caregiver, who enters into an RESP contract with
the promoter is the subscriber. The subscriber agrees to contribute to the contract
on behalf of an individual named under the plan as a beneﬁciary.
Contributions made by the subscriber(s)
Refers to Canada Education Savings Grant (CESG), Additional Canada Education
Savings Grant (Additional CESG), Canada Learning Bond (CLB), Saskatchewan
Advantage Grant for Education Savings (SAGES), B.C. Training and Education Savings
Grant (BCTESG) and Quebec Education Savings Incentive (QESI).
Additional Canada Education Savings Grant (Additional CESG)
The Additional CESG is an enhanced federal government grant for a qualifying
beneﬁciary whose Primary Caregiver’s family net income meets the income thresholds
stipulated by CRA each year. Public Primary Caregivers must receive payments under
the Children’s Special Allowances Act.
Canada Education Savings Grant (CESG)
Canada Education Savings Grant means a grant paid by Employment and Social
Development Canada to the RESP trustee for deposit on behalf of the beneﬁciary.
Canada Learning Bond (CLB)
The CLB is an additional federal government grant for a Canadian resident beneﬁciary
born after 2003 whose Primary Caregiver is in receipt of the National Child Beneﬁt
Supplement. Public Primary Caregivers must receive payments under the Children’s
Special Allowances Act.
Saskatchewan Advantage Grant for Education Savings (SAGES)
SAGES is an education savings incentive that is paid by the Government of
Saskatchewan into an RESP at a rate of 10% of RESP contributions in respect of
eligible beneﬁciaries; and for contributions made on or after January 1, 2013.
While each eligible beneﬁciary’s SAGES grant room increases by $250 per eligible
year, the annual SAGES amount that can be paid per beneﬁciary is limited to the
lesser of the accumulated SAGES grant room for the beneﬁciary and the SAGES
annual limit of $500.
B.C. Training and Education Savings Grant (BCTESG)
BCTESG is an education savings incentive that is paid by the Government of British
Columbia into an RESP for children born on or after January 1, 2007; and for children
who are residents in British Columbia (with a custodial parent or a legal guardian
who is also a resident) at the time of the BCTESG application. BCTESG is a $1,200
one-time grant per eligible beneﬁciary. When an eligible child turns six years old,
the subscriber may be able to apply for the grant.
Quebec Education Savings Incentive (QESI)
The Quebec Education Savings Incentive is a refundable tax credit that is paid by
Revenu Québec to the RESP on behalf of a beneﬁciary who resides in Quebec. QESI
Increase is available to beneﬁciaries that meet eligibility requirements determined
by the Quebec government.
Educational Assistance Payment (EAP)
An Educational Assistance Payment consists of growth and Grant* and is paid or
payable under an RESP to or for an individual (called the beneﬁciary) to assist with
the beneﬁciary’s education at the post-secondary school level. These amounts do
not include refunds of contributions made to the subscriber of the plan.
A beneﬁciary cannot receive more than $5,000 in the form of an EAP during the ﬁrst
13 weeks of his or her post-secondary education. Beneﬁciaries studying part-time
are entitled to receive $2,500 of EAP every 13 weeks.
EAPs to the plan’s beneﬁciary can begin once he/she becomes a full-time student
or part-time student enrolled in a qualiﬁed post-secondary educational program or
within six months after the end of the term. Non-residents are not eligible for CES
grant as a portion of their withdrawal. The maximum amount of grant a beneﬁciary
can receive is $7,200.00.
Post Secondary Capital Withdrawal (PSE)
Post Secondary Capital Withdrawal is a withdrawal of contributions made by
the subscriber during the time a beneﬁciary is eligible to receive EAPs. Since the
beneﬁciary is pursuing post-secondary education, the subscriber may withdraw his/
her contributions without being required to repay any grant amounts. The subscriber
must sign the request for PSE Capital Withdrawals.
Non Educational Capital Withdrawal
Non Educational Capital Withdrawal is a withdrawal of contributions made by the
subscriber during the time a beneﬁciary is not eligible to receive EAPs. Since the
beneﬁciary is not pursuing post-secondary education, the subscriber may withdraw
his/her contributions but may be required to repay some or all grant amounts. The
subscriber must sign the request for Non Educational Capital Withdrawals.
Post-Secondary Educational Institution
A Post-Secondary Educational Institution can be any of the following:
A university, college, or other educational institution in Canada that has been
designated for purposes of the Canada Student Loans Act or the Canada Student
Financial Assistance Act, or is recognized for purposes of the Quebec Student
Loans and Scholarships Act.
An educational institution in Canada certiﬁed by the Minister of Employment
and Social Development to be providing courses, other than courses designed
for university credit, that give a person occupational skills or improve a person’s
A university outside Canada that provides courses at a post-secondary school
level, provided the beneﬁciary is enrolled in a course that runs at least 3
A college or other educational institution outside Canada that provides courses
at a post-secondary school level, provided the beneﬁciary is enrolled in a course
that runs at least 13 consecutive weeks.
Proof of Enrollment
To request an EAP or PSE withdrawal, documents must be provided to the beneﬁciary
by the educational institution and should conﬁrm the following:
a) Name of student
c) Program start date, duration and year of the program
d) Educational institution’s name (logo, letter head or website address)
For more detailed information, please see Proof of Enrollment guidelines attached.
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