What is cesg?
Also known as: Canada Education Savings Grant
Definition
Educational information only. Last reviewed August 25, 2026.
How it works in Canada
The basic grant is available regardless of family income; an additional amount applies to lower-income families on the first portion of contributions. Unused grant room carries forward within limits, and grants must be repaid if the plan is collapsed without eligible educational use.
Example
A family that missed contributing for two years may be able to catch up part of the unused grant room in a later year, subject to the annual grant cap.
Learn more
Written and reviewed by CanadaGFI.ca Editorial Team
Licensed insurance and financial professionals contributing to CanadaGFI.ca
Published and last reviewed August 25, 2026. Read our editorial policy and disclosures.
This page is educational information about Canadian financial concepts. It is not personalized financial, tax, insurance or legal advice, and it does not consider your individual circumstances. Product availability, eligibility, pricing and tax treatment depend on the provider, your situation and current Canadian rules. Speak with a professional licensed in your province before acting.
A 30 minutes can shape your next 30 years.
Book a complimentary consultation with a licensed advisor from our independent GFI Canada Agent team. Insurance and financial products are offered through appropriately licensed advisors.