Alberta Centennial Education Savings Plan (ACES Plan)
The ACES Plan is a program designed to give Alberta parents an incentive to start planning and saving for their child's post-secondary education.
The Alberta Ministry of Enterprise and Advanced Education will contribute a basic grant of $500 to the RESP of every child born to or adopted by Alberta residents in 2005 and after. To be eligible, you must first register your child's birth and obtain a social insurance number (SIN) for your child. Then you have to open an RESP for the child and deposit at least $100 to the RESP within one year prior to applying for the grant.
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 Enterprise and Advanced Education.
If the beneficiary does not pursue post-secondary education, the ACES Plan is returned to the Government of Alberta.
Residents of Alberta can call 1-866-515-ACES (2237) toll free to learn more about the ACES Plan.
For more information, go to Alberta Centennial Education Savings Plan or call 1-800-O-CANADA (1-800-622-6232).
Provincial government partners
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