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Originally Posted by ranchlandsselling
Part 1 - thanks!
Part 2 (bolded)- So... Assuming it's calendar year I've missed nothing. And assuming it's life years of the beneficiary I've missed nothing and could technically start after the first birthday. I'll obviously check.
Soo, if the lifetime contribution limit remains at $50,000 I've got twenty years of $2,500 contributions and a cumulative $10,000 of matching potential?
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Well no, the maximum CESG is $7,200 per lifetime and that amount was calculated on the "old" limit of $2000 per year contribution max and the 20% of that for 18 years. I haven't seen anything that has increased that amount, even since 2007 when they increased this annual amount to $2500/$500 for the grant. So basically once you hit that $7200 you aren't going to get more CESG.