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RESP Calculator
Canadian RESP with government matching — plan your child's education savings including CESG grants
🇨🇦 Government Match: 30% of your annual contributions, up to $750/year per child
Child & Timeline
When does college start?
13 years until college
College Costs
Expected tuition and fees
Costs adjusted for 5% annual education inflation
Investment Details
Return rate and initial savings
RESP plans typically return 5–8%
🇨🇦 Government Grant (CESG)
The government matches 30% of your annual contributions, up to a maximum of $750 per year per child. Grants are deposited once per year and also earn investment returns inside your RESP.
To get the maximum $750/yr grant:
You need to contribute at least $2,500/year (~$208/month)
Grant compounds too:
Government grants earn the same investment return inside your RESP
Your Contribution Plan
How much will you save regularly? The government will match 30% (up to $750/yr)
Grant: $750/yr