Updated:
Glossary term
CESG — Canada Education Savings Grant
Free government grant inside RESP: 20% match on contributions, $500/year max, $7,200 lifetime per child. 'Guaranteed 20% return' on the first $2,500 contributed per year.
Related terms
HBP
Borrow up to $60,000 from your RRSP for first home purchase tax-free. Repay over 15 years starting year 2 aft…
CCPC
Private corporation with >50% Canadian-resident ownership. Eligible for SBD — 9% federal corporate tax on fir…
MPC
Medical Professional Corporation — CCPC allowed for licensed physicians (AB, BC, ON, etc.). Same SBD benefits…
SBD
Small Business Deduction: federal corporate tax knockdown for CCPC to 9% on first $500K active business incom…
LCGE
Sell QSBS shares tax-free up to lifetime limit (~$1.27M in 2026, indexed). CCPC-only, 24-month holding + 90%…
QSBS
Shares of a CCPC that qualify for LCGE. 24-month holding + 90%+ active business assets in Canada at sale + 50…
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