What is SICC Impact Lab ?

SICC Impact Lab is a program of Social Investing for Children Canada (SICC).

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.

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.

However, all students and their families are welcome to participate in our RESP Marathon and educational activities.

What is the SICC RESP Match Fund? 

The SICC RESP Match Fund is a community-supported initiative that helps eligible families increase their RESP contributions.

If a family qualifies, SICC may provide a matching grant to that family so they can contribute to the child’s RESP to help maximize government grants and long-term growth.

Eligibility criteria and available funding may vary each year.

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

Families with lower household income may qualify for:

• Additional CESG matching (30% or 40% 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.

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

Yes. In most cases, families are encouraged to make a contribution first, as SICC matching is designed to complement family savings and maximize government matching grants.

Specific matching ratios and minimum contribution amounts may apply.

How do I set up e-Transfer Autodeposit to receive SICC RESP Match Funds?  

If your family is approved for the SICC RESP Match Fund, you may need to:

1. Log in to your online banking.

2. Enable Interac e-Transfer Autodeposit.

3. Register the email address provided by SICC (e.g., RESP@sicc.ca) for secure transfer processing.

4. Ensure the account name matches the approved caregiver.
   
   

Autodeposit ensures funds are deposited securely without requiring password sharing.

SICC will provide detailed instructions if you are approved.

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