Boosting the RESP Grant

A new Conservative government will boost the Registered Education Savings Plan (RESP), putting more money in the pockets of hard-working Canadian parents trying to save for their children’s education. Under the Conservative plan, the government’s contribution to an RESP will rise from 20 per cent to 30 per cent for every dollar invested up to $2,500 a year. This change will boost the maximum annual grant from $500 to $750.