Canada Education Savings Act
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CitationS.C. 2004, c. 26
ConsideredbyHouse of Commons of Canada
EnactedbyParliament of Canada
ConsideredbySenate of Canada
| Canada Education Savings Act | |
|---|---|
 | |
| Parliament of Canada | |
| |
| Citation | S.C. 2004, c. 26 |
| Considered by | House of Commons of Canada |
| Enacted by | Parliament of Canada |
| Considered by | Senate of Canada |
| Assented to | 15 December 2004 |
| Legislative history | |
| First chamber: Parliament of Canada | |
| Bill citation | Bill C-5 |
| First reading | 8 October 2004 |
| Second reading | 14 October 2004 |
| Third reading | 7 December 2004 |
| Second chamber: Senate of Canada | |
| First reading | December 7, 2004 |
| Second reading | December 9, 2004 |
| Third reading | December 13, 2004 |
| Status: Current legislation | |
The Canada Education Savings Act (French: Loi canadienne sur l’épargne-études, CESA) is an Act of the Parliament of Canada. It is intended to provide financial assistance for post-secondary education savings. The first version of the law was assented to on 15 December 2004. Most sections of the act entered into force on 1 July 2005.[1]
The law organizes the incentives programs provided by the Government of Canada for post-secondary education savings. As of 2020 these programs include:
- The Canada Education Savings Grant (CESG) a matching contribution made by the government towards contributions made to a Registered Education Savings Plan;
- The Canada Learning Bond (CLB) an additional grant available to low-income families.