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.
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.
With an RESP,
you'll save
Your contributions
0 $
Government grants
0 $
Interest generated
0 $
Total
This result is for informational purpose only. It is calculated based on information you provided as well as certain assumptions.