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Alberta Centennial Education Savings (ACES)

Alberta Centennial Education Savings (ACES) – For beneficiaries born or adopted by a resident of Alberta on or after January 1, 2005. This Provincial Grant can add up to $800 to your RESP.

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.