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RESP Calculator

↻ Updated 2026

See how an RESP could grow for a child's education — including the Canada Education Savings Grant (CESG), a 20% match up to $500 a year and $7,200 in total per child.

Educational calculators — always consult a licensed professional before making financial decisions.

Your inputs
Annual contribution
$2,500/yr captures the full $500 CESG grant
Child's current age
Years contributing
Child will be 18 at the end
Expected annual return
RESP at year end
$73,700
incl. $7,200 in grants
Government grants (CESG)
$7,200
20% match, max $7,200
Investment growth
$29,000
on contributions + grants
RESP growth6% · 15 yr
todayyear 15
Where the money comes from
Your contributions$37,500
CESG grants$7,200
Growth$29,000
ASSUMPTIONS — The Canada Education Savings Grant (CESG) matches 20% of contributions, up to $500 per year and $7,200 in total per child. This model applies the annual and lifetime caps but excludes catch-up grants for unused prior-year room and any additional CESG for lower-income families. Growth compounds annually and is taxed in the student's hands (usually at a low rate) when withdrawn as an Educational Assistance Payment. Returns are assumed constant.

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Sources & rate references

Rates, brackets and limits here are checked against primary sources. If a number still looks off, email support@realmoneyiq.com and we'll review and fix it.

RealMoneyIQ provides free educational calculators, not financial, tax, investment or legal advice. Results are estimates based on the assumptions you enter and publicly published rates; your actual outcome will differ. Always confirm decisions with a licensed professional who knows your full situation.