RESP Calculator: Watch your Education Savings Grow
Financially supporting your children through university can be one of the most rewarding investments you’ll ever make. And with the addition of the Canada Education Savings Grant (CESG), you can watch your funds grow at an accelerated pace. Use our RESP Calculator to estimate your monthly deposits, duration, and rate of return – your education savings can add up fast! Note that our calculator sets a maximum annual CEST amount at $500, which is applicable for most Canadians; however, families with middle- and low-income can receive an additional 10% or 20% of the first $500 contributed to the RESP. For a full primer on RESP investing, visit our RESP Guide.
This calculator is for illustrative purposes only. We recommend that you seek your own financial, investment, tax, legal, or accounting advice.