Save for your children's post-secondary education, tax-free.
Is this savings plan for you?
Main feature:Tax-sheltered investment income
Maximum contribution:$50,000 per beneficiary for the duration of the plan
Annual contributions:$2,500 per beneficiary, for a Canada Education Savings Grant (CESG) of 20%
Total or partial withdrawal for education:Without penalty if withdrawn for education purposes
Investment options |
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Deposit frequency |
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Annual basic CESG limit |
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Lifetime contribution limit |
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Lifetime basic and additional CESG limit |
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Contribution time limit |
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Plan’s Existence** |
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Transfers*** |
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** If beneficiary is receiving a Disability Tax Credit, the plan may remain open until the end of his or her 40th year.
*** Certain conditions apply.