RESP CALCULATOR
Calculate how much you can save in an RESP.
- The effective annual rate is 3%.
- The calculation only considers basic grants.
- The calculation does not include unused grants.
- The calculation is based on regular monthly contributions until December 31st of the year in which the child turns 17.
- It is estimated that the child will begin postsecondary education when all grants have been received.
- The residence criteria have been met for the payment and receipt of grants.
- The calculation is based on contributions starting today.
Your RESP savings
Your contributions
Government grants
Interest generated
Total
is the amount you will have saved by the time your child starts post-secondary education.
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