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How do I receive government assistance for the RESP?
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The beneficiary named in the RESP needs a Social Insurance Number to receive a Canada Education Savings Grant.
For an RESP mutual fund account comprised of individual funds, government assistance is paid monthly and deposited directly to a CIBC Money Market Fund. For an RESP mutual fund account comprised of a portfolio, government assistance is paid monthly and allocated proportionately to the various mutual funds in the portfolio.
Learn more about the Canada Education Savings Grant.
- What else should I know about RESPs?
- What’s an RESP?
- Who can receive a scheduled or recurring e-Transfer?
- What are the benefits of opening an RESP?
- What RESP Grants are available?
- Who can open an RESP account for a beneficiary?
- How do I get a copy of my credit bureau report?
- Can I cancel my RRSP GIC?
- Who is an Estate Representative?
- How do I order cheques?
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