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RESP Calculator (2026)

A Registered Education Savings Plan grows tax-free and the government adds a 20% grant on your contributions. See how much you could have saved by the time your child starts school.

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Child's current age

Annual contribution$2,500/yr captures the full $500 grant.

Existing RESP balance

Expected annual return (%)

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Value at age 18

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Free government grant

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Investment growth

Your contributions	–
CESG grant (20%)	–
Growth	–
Total at age 18	–

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The CESG: free money for education

The Canada Education Savings Grant matches 20% of your contributions, up to $500 per year (on the first $2,500 you contribute) and $7,200 in total per child. That's an instant 20% return before any investment growth — which is why contributing at least $2,500 a year is the sweet spot.

Estimate excludes additional/provincial grants and income-tested top-ups. Withdrawn grants and growth are taxed in the student's hands (usually at a low rate).

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