RESP Growth & CESG Grant Calculator

Estimate how your contributions, the 20% CESG match, and investment growth can build an education fund.

How this works

  • Current balance = your initial deposit already in the RESP (no grant on this portion).
  • Monthly contribution is eligible for CESG 20% up to $2,500/yr (max $500/yr), lifetime grant cap $7,200 per child.
  • Est. annual return compounds monthly on your balance.
  • Time horizon is how long you’ll contribute/grow before withdrawals.

Tip: To hit the full $500 CESG each year, contribute about $2,500/year (~$208/month).

Your Inputs

$
Amount already in the RESP before new monthly contributions.
$
20% CESG applies on the first $2,500/year of contributions (max $500/yr; lifetime $7,200).
%
Compounded monthly for this estimate.
How long you plan to contribute/grow before withdrawals.

Projected Growth

Estimated Future Value
$0
Your Contributions
$0
Total CESG Grants
$0
Investment Growth
$0

Disclaimer: This tool is for general illustration. CESG rules (annual/lifetime limits, carryforward, age eligibility) and investment returns can vary. Provincial grants (e.g., Quebec, BC) are not included here.

Verify your situation with the Government of Canada or a qualified advisor before making decisions.