What government grants are available for RESPs? 

The Government of Canada offers several matching grants:

• Canada Education Savings Grant (CESG) – The federal government matches 20% of annual RESP contributions (up to $500 per year, $7,200 lifetime per child). Lower-income families may receive additional matching percentages.
  
  

• Canada Learning Bond (CLB) – For eligible low-income families, the government contributes up to $2,000 into the child’s RESP — even if the family contributes nothing.
  
  

Some provinces also offer additional grants depending on residency.

How do I know if my family qualifies for additional government grants? 

Families with lower household income may qualify for:

• Additional CESG matching (10-20% on the first $500 contributed annually)

• The Canada Learning Bond (CLB)
  
  

Eligibility is generally based on family income and tax filing status. Families should ensure:

• The child has a Social Insurance Number (SIN)

• The parent/guardian has filed their income tax return

• The child is registered for the Canada Child Benefit (CCB)
  
  

Your financial institution can help confirm eligibility.

Why does SICC focus on Grade One students? 

At Social Investing for Children Canada (SICC), we prioritize Grade One students because starting early allows families to benefit from long-term compounding growth and multiple years of government matching grants.

Do I need to contribute my own money to receive SICC support? 

Yes. To receive SICC support, you must contribute your own funds. The SICC RESP Match Fund provides a Grant as an incentive to reward families for their direct contributions to their RESP. 

Once your initial contribution is confirmed, the matching Grant is issued to complement your savings. For the first $500 you contribute, the matching ratio is 2:1. For example, if you contribute $500, you will be rewarded with a $250 Grant. 

Do I need to set up e-Transfer Autodeposit to receive SICC RESP Match Funds?  

If your family is approved for the SICC RESP Match Fund, you are required to:

1. Log in to your online banking.

2. Enable Interac e-Transfer Autodeposit.

3. Enter the email address that is linked to your SICC application (e.g., your personal email) 

4. Ensure the account name matches the approved caregiver.
   
   

Autodeposit ensures funds are deposited securely without requiring password sharing.

Why should I support SICC? 

Because a small contribution today can unlock government grants, compound over time, and change a child’s educational future. And investing in education or children - particularly in low-income, marginalized communities - is one of the most effective ways to end the cycle of intergenerational poverty.

Your support helps:

• Low-income families access government benefits

• Children build financial confidence

• Communities reduce long-term education inequality