The ACES Plan will contribute $500 into the Registered Education Savings Plan (RESP) of every child born to Alberta residents in 2005 and later. As well, grants of $100 are available to children of Alberta residents when they turn 8, 11 and 14 in 2005 and later, provided that the children are attending school.

The Alberta $500 Grant is available to a child who meets all of these requirements:

• was born or adopted in 2005 or later;
• has a parent or guardian who is a resident of Alberta when the child was born OR is a resident of Alberta at the time of application, and who is ordinarily present in Alberta; and
• is named as the beneficiary of an individual RESP account or named as a beneficiary of a family RESP account where all members are siblings.

The Alberta $100 Grants are available to a child who meets all of these requirements:

• is named as the beneficiary of an individual RESP account or named as a beneficiary of a family RESP account where all members are siblings;
• turns 8, 11 or 14 in 2005 or later;
• has a parent or guardian who is a resident of Alberta at the time of application and who is ordinarily present in Alberta;
• attending a school that is accepted by the Minister of Alberta Advanced Education and Technology; and
• for whom a deposit of at least $100 has been made into an RESP within the 12 months prior to each application.

Note: Children who are home-schooled are also eligible to receive the Alberta $100 grants.