How long does it take to receive grants in my RESP?

The government allows us to request grants in the first five days of each month for the previous month's contributions. We typically receive the funds from the government 4-5 weeks after we request them, and deposit them into your account within 3-5 business days. You will see the transaction in the "Activity" tab of your account as “GRT activity”. 

Example:

You make a deposit on May 6th, 2017 to your Wealthsimple RESP.  

Wealthsimple sends your deposit information to the government by June 6th, 2017. 

Wealthsimple receives the grant from the government between July 11th and July 15th, 2017. 

Wealthsimple deposits the grant into your account between July 16th and July 21st 2017. 

 

 

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