RESP Calculator

Plan your child's education savings with precision

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Child & Plan Information

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Future Contributions

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Current RESP Status

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Manual Contribution Inputs

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Eligibility & Government Benefits

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RESP Summary

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Total at Withdrawal $91,138
Investment Growth $36,938
Total CESG $7,200
Total CLB $2,000
Total Contributions $45,000
Years of Contributions 13
Return of Contributions (Tax-Free) $45,000
EAPs (Taxable to Student) $46,138
CESG Contribution Room Remaining $0

RESP Growth Analysis

RESP Breakdown

Detailed Analysis

Swipe left/right to see more details

Age Year Contribution Basic CESG Additional CESG CLB Investment Growth Total Value

Child & Plan Information Help

Child's Current Age

Enter your child's current age. CESG grants are available until the end of the year they turn 17.

Expected Annual Investment Return

The annual rate of return you expect on your RESP investments. Conservative estimates range from 4-6%.

Current RESP Status Help

Current Total Contributions

The total amount you have already contributed to the RESP account.

Current CESG Received

The total Canada Education Savings Grant amount already received in the account.

Current CLB Received

The total Canada Learning Bond amount already received (if eligible).

Current Investment Value

The current total value of investments in the RESP, including growth on contributions and grants.

Future Contributions Help

Annual Contribution Amount

How much you plan to contribute each year. To maximize CESG, contribute at least $2,500 annually.

Age to Stop Contributing

The age when you plan to stop making contributions. This is also the final year shown in calculations and projections. Maximum age for contributions is 31 years.

Government Benefits Help

Additional CESG

Families with lower income may be eligible for additional CESG: 20% on first $500 (income under $53,359) or 10% (income $53,359-$106,717).

Canada Learning Bond (CLB)

$500 initial payment plus $100 annually until age 15 for eligible low-income families. No contributions required.

Provincial Grants

BC Training Grant: $1,200 one-time for children 6-9. Quebec QESI: Up to 10% of contributions, max $3,600 lifetime.

RESP Summary Help

Total at Withdrawal

The projected total value of the RESP at the end of the contribution period (when you stop contributing).

Return of Contributions

Your original contributions can be withdrawn tax-free at any time.

EAPs (Educational Assistance Payments)

Government grants, bonds, and investment growth are taxable in the student's hands when withdrawn.

Manual Contribution Inputs Help

Use Manual Contribution Inputs

Check this box to override the "Annual Contribution Amount" and specify different contribution amounts for each year. This is useful for irregular contribution patterns.

Year-by-Year Table

When enabled, enter the specific amount you want to contribute for each year. The table automatically adjusts based on your child's current age and the age to stop contributing.

Fill All With Annual Amount

Quickly populate all years with the current "Annual Contribution Amount" as a starting point for customization.

Clear All

Remove all manual contribution amounts. Empty cells are treated as $0 contributions.