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 3-4 weeks after we request them, and deposit them into your account within 5-7 business days. You will see the transaction in the "Activity" tab of your account. 

Example:

• You make a deposit on May 6th to your Wealthsimple RESP.  
• Wealthsimple sends your deposit information to the government by June 6th. 
• Wealthsimple receives the grant from the government by early July. 
• Wealthsimple processes the grant information received from the government and deposits the appropriate grant amount into your account within 5-7 business days. 

Depending on when you deposit funds into your RESP account, it can take anywhere from 6 to 10 weeks for your contribution to receive a corresponding government grant. This is because we can only request grants once at the beginning of each month for previous month's deposits.