The Canada Education Savings Act and the Canada Education Savings Regulations govern the payment and repayment of Canada Education Savings Grants (CESGs) and Canada Learning Bonds (CLBs) into Registered Education Savings Plans (RESPs) under the authority of the Department of Human Resources and Skills Development Act.
Section 146.1 of the Income Tax Act governs the use of Registered Education Savings Plans (RESPs) as a trust arrangement into which the Government of Canada may deposit the Canada Education Savings Grant (CESG) and the Canada Learning Bond (CLB).