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Information on RESP application procedures is available from most financial institutions, but don’t walk in blind: the following website has a lot of helpful information about things to consider before choosing a promoter Canada Education Savings Grant (CESG)Toll-Free: This federal grant makes a payment of 20% on RESP contributions for an eligible beneficiary, up until the age of 17.Browse through the list below and see how your government can help. Canada Child Tax Benefit is a tax‑free, monthly payment made to eligible families to help them with the cost of raising children under age 18.Funds from the RESP are disbursed for qualified educational purposes: full- or part-time studies in an apprenticeship program, a CEGEP, trade school, college or university.Students will pay taxes on income disbursed from the fund, but not on contribution amounts.
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