Who is eligible to receive Alberta Centennial Education Savings Grant (ACES)?
The Alberta Ministry of Advanced Education and Technology will contribute a basic grant of $500 to the RESP of every child born or adopted to Alberta residents in 2005 and after. Additional grants of $100 are available to children who turn 8, 11, or 14 after January 1, 2005, provided the children are attending school in Alberta or attending a school that is satisfactory to the Ministry of Advanced Education and Technology. These grants require a minimum $100 invested in an RESP within one year prior to applying. 7) What if the child is 16 or 17 years old? The Canada Education Savings Grant Program has been designed to encourage long term savings for post-secondary education. There are special rules for children in the years they become age 16 or 17 years old.
