RESP & Education Savings Calculator

This simplified model considers basic CESG only: 20% of eligible contributions, generally up to $500 annually, up to $1,000 with sufficient unused grant room, subject to $7,200 lifetime CESG and $50,000 RESP contribution limits. Enter the actual unused basic CESG room from records, not an assumed amount. The example carry-forward of $1,500 is illustrative, not automatically calculated. For ages 16–17, the model requires the special qualifying history: either $2,000 contributed before the end of the year the beneficiary turned 15, or $100 annually in at least four years before then; the simplified age-15 projection checks only the $2,000 test. For a beneficiary already 16–17, confirm the history using the selection above. Additional income-based CESG, Canada Learning Bond, provincial grants, withdrawals, historical eligibility, multiple plans, returns, and required special eligibility for ages 16–17 are not calculated. The model treats annual contributions and grants as invested at year-end. Canada.ca RESP grant rules. Confirm all grants and room with the RESP provider before relying on the estimate.