RESP

Registered Education Savings Plan

Canadian education planning tool

RESP Education Savings Calculator

Estimate your child's RESP value at age 18, available CESG, optional CLB, future education costs and the amount your current plan may cover.

🇨🇦 2026 CESG income bands 💡 Smart contribution suggestions 📱 Cellphone-friendly

Your RESP plan

👶 Child information

Age —

Used to estimate the time remaining until age 18 and CESG eligibility years.

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Existing RESP and grant history

Entering the information from your provider statement improves catch-up and lifetime-limit estimates.

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yrs

💰 Contribution schedule

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Monthly deposit timing

🏛️ Grants and growth assumptions

The selected income band is assumed to remain the same in future years. Thresholds are indexed annually.

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6.0%
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Compare with future education costs Estimate tuition and living-cost inflation and show the possible funding gap.
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yrs
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Use a combined estimate for tuition, books, transportation and living expenses. Adjust it for the school and living arrangement you expect.

Projection period Enter a date of birth
Projected RESP value at age 18
$0
Enter the child's date of birth to calculate.
New personal contributions
$0
From today to age 18
New government grants
$0
Estimated CESG + entered CLB
Future investment growth
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Growth after today
🎓 Education funding outlook
Estimated education cost$0
Projected RESP coverage0%
Estimated gap / surplus$0
RESP projection0% funded
💡 Smart RESP suggestions0 ideas

Government grants and limits

Projected lifetime CESG$0
CESG room remaining at 18$7,200
Projected lifetime CLB$0
$0 of $50,000 contributed0% used

Growth over time

Portfolio value Personal contributions Government grants

Year-by-year breakdown Swipe table on phone

YearChild ageNew contributionsBasic CESGAdditional CESGCLBEnd balance
📋 RESP grant rules used in this calculator
Basic CESG20% of eligible contributions, normally up to $500 per year.
Catch-up CESGUnused basic grant room can allow up to $1,000 of basic CESG in one year.
Additional CESGFor 2026, up to $100 or $50 extra on the first $500, based on adjusted family net income.
Lifetime CESG$7,200 per beneficiary, including basic and additional CESG.
RESP contribution limit$50,000 lifetime personal contributions per beneficiary.
Canada Learning BondUp to $2,000 for eligible children; no personal contribution is required.
Grant age limitCESG is available through the calendar year the child turns 17, subject to the age 16–17 contribution rule.
Age 16–17 ruleBy the end of the year the child turns 15: at least $2,000 contributed, or at least $100 in any four years.

For educational and illustrative purposes only. This calculator uses federal RESP rules and 2026 Additional CESG income bands available when it was created. Income thresholds and program rules can change. CLB eligibility is not determined automatically; enter only an amount you reasonably expect or have confirmed. Contributions and grants are modelled approximately at the selected contribution timing, while actual government deposits may arrive later. Returns and education-cost inflation are assumptions and are not guaranteed. Verify grant room, contribution history and eligibility with the RESP provider and Government of Canada. This tool is not financial, tax or legal advice.

Review the RESP plan with Pankaj Bhatia

Discuss grant room, contribution timing, investment options and the projected education funding gap.

Call 647-640-2222 WhatsApp Pankaj