RESP Education Savings Calculator


Saving for a university or college education doesn't have to be daunting. Registered Education Savings Plans (RESPs) allow tax-free growth with your choice of investments. Even better, Canada Education Savings Grants (CESGs) top up your savings based on what you contribute and what you earn. Use our RESP Calculator to learn how an RESP can help you meet your education savings goals.

Current RESP balance:
$

Planned annual contribution:(max. $4000)

Net annual family income:

Estimated investment rate of return:
%

How many years do you have to save?

What is your savings goal?(optional)

* Calculate with the default contribution amount set at zero("0")for a contribution strategy that gives you both the benefit of compounding and the maximum allowable CESG payments over the life of the RESP. See Notes, assumptions and savings strategies for more information.
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