CESG grant matching · Education savings projection
Total Contributions
Total CESG Earned
Investment Growth
Projected Value at Education
Years of Contributions
CESG Room Remaining
Contribution Status
Estimate only. CESG eligibility depends on child being a Canadian resident and RESP being open with a participating provider. Provincial grants have additional eligibility criteria. Consult a financial advisor for personalized advice.
Enter your child's current age and the age they plan to start post-secondary education (typically 18). Input your current RESP balance and your planned monthly contribution. The calculator applies the 20% Canada Education Savings Grant (CESG) on the first $2,500 contributed per year, up to $500 annually and $7,200 lifetime. Select your province to include provincial grant estimates where applicable.
The year-by-year table shows how contributions, grants, and investment growth compound over time. The lifetime RESP contribution limit is $50,000 per child — contributions beyond this do not earn CESG.
The lifetime RESP contribution limit is $50,000 per child (beneficiary). There is no annual limit, but only the first $2,500 per year qualifies for the 20% Canada Education Savings Grant (CESG), up to $500 per year and $7,200 lifetime.
You receive the full $500 CESG each year (20% of $2,500). Over 14.5 years of eligibility, that adds up to the $7,200 lifetime maximum per child. Contributing more than $2,500 does not earn additional CESG.
Yes. You can contribute up to $5,000 in a single year to earn CESG on the current year ($500) plus one prior year of unused room ($500), for a total of $1,000 in grants. Unused CESG room carries forward from when the child was a minor.
You can transfer the RESP to another sibling, or transfer up to $50,000 of accumulated income to your RRSP (if you have room). Grants must be repaid to the government. You can also withdraw contributions tax-free, but the growth is taxed at your marginal rate plus 20%.
The Toolzie RESP Calculator Canada helps parents and guardians project their Registered Education Savings Plan growth with Canada Education Savings Grant (CESG) matching. Enter your child's age, current balance, monthly contribution, and expected rate of return to see total contributions, CESG earned, investment growth, and projected value at education start. The calculator includes provincial grant estimates for Quebec (QESI), British Columbia (BCTESP), and Saskatchewan (SESG), and accounts for CESG catch-up provisions.
The lifetime RESP contribution limit is $50,000 per child (beneficiary). There is no annual limit, but only the first $2,500 per year qualifies for the 20% Canada Education Savings Grant (CESG), up to $500 per year and $7,200 lifetime.
You receive the full $500 CESG each year (20% of $2,500). Over 14.5 years of eligibility, that adds up to the $7,200 lifetime maximum per child. Contributing more than $2,500 does not earn additional CESG.
Yes. You can contribute up to $5,000 in a single year to earn CESG on the current year ($500) plus one prior year of unused room ($500), for a total of $1,000 in grants. Unused CESG room carries forward from when the child was a minor.
You can transfer the RESP to another sibling, or transfer up to $50,000 of accumulated income to your RRSP (if you have room). Grants must be repaid to the government. You can also withdraw contributions tax-free, but the growth is taxed at your marginal rate plus 20%.