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RESP Calculator
Use the RESP calculator to calculate the total return on a registered education savings plan. You'll get the amount you'll have saved when your child begins post-secondary studies.
Child’s age
The maximum age for joining an RESP is 17 years.
year(s)

The child will only be eligible for grants at 16 or 17 years of age if one of the following two conditions is met before the end of the calendar year in which the child turns 15:

  • $100 in contributions for four years (consecutive or not)
  • $2,000 in contributions
Contribution amount
The amount you wish to invest per month.
$
By investing this amount monthly, you would exceed the lifetime maximum of $50,000 in contributions per child. In order to avoid tax consequences, please contact an advisor.
Your postal code
  • The effective annual rate is 3%.
  • The calculation only considers basic grants.
  • The calculation does not include unused grants.
  • The calculation is based on regular monthly contributions until December 31st of the year in which the child turns 17.
  • It is estimated that the child will begin postsecondary education when all grants have been received.
  • The residence criteria have been met for the payment and receipt of grants.
  • The calculation is based on contributions starting today.

With an RESP,
you'll save

$0

Your contributions
$0
Government grants
$0
Interest generated
$0
Total
$0

This result is for information purposes only and is calculated based on the information you have provided and one certain assumptions.

Download the results
Find an advisor
With an RESP, you'll save
$0
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