Registered Education Savings Plan (RESP) Lifetime Contribution Limit

Description

While the RESP lifetime contribution limit for an RESP beneficiary is $50,000, there is also an annual limit on the amount of Canada Education Savings Grant (CESG) that can be paid on contributions. A lump sum contribution of $50,000 will not result in the lifetime maximum amount of CESG being provided to the beneficiary.

Resources

Name Format Description Link
8 https://www.canada.ca/content/dam/cra-arc/migration/cra-arc/gncy/stts/opendata/txrts/resplmt-fra.csv
8 https://www.canada.ca/content/dam/cra-arc/migration/cra-arc/gncy/stts/opendata/txrts/resplmt-eng.csv

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