Investment Calculators · Canada

RESP growth.

Project Registered Education Savings Plan growth with full Basic and Additional CESG matching, $50,000 lifetime contribution cap, and $7,200 CESG cap.

Inputs

Current RESP
$
$
$2,500/year is optimal to capture the full $500 Basic CESG. $50,000 lifetime cap.
Child & growth
%
Family income (for Additional CESG)
$
Under $53,359 = +20% on first $500; under $106,717 = +10% on first $500.

Future RESP value

Fill the form and press Calculate.

About the RESP

The federal government matches RESP contributions with a 20% Basic CESG, capped at $500 per year and $7,200 lifetime per child. Lower-income families can receive an Additional CESG on the first $500 of contributions each year. Contributions are not tax-deductible, but growth and grant money are taxed in the student's hands at withdrawal time, usually at a very low rate.

Disclaimer

Educational only. CESG thresholds are indexed annually. Verify your eligibility with the CRA and consult a qualified financial advisor.