What is the Alberta Centennial Education Savings Plan Grant (ACES)?
The Alberta Centennial Education Savings Plan Grant (ACES) is provided by the Alberta government for any child born to or adopted by residents of Alberta in 2005 or later. The grant starts with a one-time initial contribution of $500 to an eligible child’s RESP. The government provides three subsequent grants of $100 to an eligible child’s RESP for children attending school in Alberta at ages 8, 11 and 14. To receive the subsequent grants, a minimum matching contribution of $100 must be made to an RESP in the year prior. In total, $800 in grant money is available per eligible child.
The Alberta Centennial Education Savings (ACES) Plan Grant was created by the Alberta government to motivate people to begin planning and saving for any child’s post-secondary education as early as possible. The ACES Plan Grant starts with a one-time initial contribution of $500 to an eligible child’s RESP who was born to Alberta resisdents in 2005 and later. The government also provides three subsequent grants of $100 to an eligible child’s RESP to children of Alberta residents when they turn 8, 11 and 14 in 2005 and later. In total, $800 in grant money is available per eligible child.
