Definition
Contributions are not tax-deductible but growth is tax-deferred and withdrawn as Educational Assistance Payments (EAP) taxed in the student's hands. Lifetime contribution limit is $50,000 per beneficiary. Eligible for the Canada Education Savings Grant (CESG) — 20% match on the first $2,500/year, lifetime maximum $7,200.
Source
Income Tax Act; Canada Education Savings Act