IFIC Mutual Funds Licensing Practice Exam · Question
What is the maximum lifetime Canada Education Savings Grant (CESG) amount per beneficiary that can be received in an RESP?
The maximum lifetime CESG amount per beneficiary is $7,200. This is accumulated through annual grants based on contributions.
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Question: What is the maximum lifetime Canada Education Savings Grant (CESG) amount per beneficiary that can be received in an RESP?
Answer options:
- $500
- $2,500 ✅ $7,200
- $50,000
Correct answer: $7,200
Explanation: The maximum lifetime CESG amount per beneficiary is $7,200. This is accumulated through annual grants based on contributions.
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