The Canada Education Savings Grant is a federal incentive that can add to eligible RESP contributions, subject to limits and rules.

🍁 Education Savings Calculator (RESP)

Education Savings Calculator

Plan for your children's education with RESP calculations and government grants

RESP Details

Enter your RESP information

Child's Current Age

Years Until Post-Secondary

Monthly Contribution (CAD)

Recommended: $200-250/month to maximize CESG

Current RESP Balance (CAD)

Expected Annual Return (%)

Eligible for Canada Learning Bond (CLB)

CLB available for families with net income under ~$50,000

RESP lifetime contribution limit: $50,000 per beneficiary. CESG: 20% on first $2,500/year (max $500/year, $7,200 lifetime).

About this tool

Project education savings and RESP-style contributions. Confirm CESG and provincial grants with official sources.

How to use it

Enter contribution plans and timeline.
Review projected education fund estimates.

Frequently asked questions

What is CESG?: The Canada Education Savings Grant is a federal incentive that can add to eligible RESP contributions, subject to limits and rules.

Related tools

Browse all calculators in the Canadian finance tools directory, or read Canadian investing news.

Educational estimates only — not financial, tax, or legal advice. Rules and rates change; verify with official sources and qualified professionals before making decisions.