canada • CAD

RESP Calculator 2026 | CESG Enhanced Grant Estimator

Free Canada RESP Calculator 2026. Project RESP savings growth, estimate CESG government grants (20-40% matching), and plan education savings for Canadian children.

Updated for 2026

By the GlobalCalqulate team, founded by Pavan Kusunuri · About our editorial standards

Child Information

Child Age

Years Until Post-Secondary Education

Current RESP Details

Current RESP Balance

Contributions

Annual Contribution

Monthly Contribution

Contribution Frequency

Government Grants

Family Income

Enhanced CESG Eligible

Include Provincial Grants

Province

Growth Assumptions

Expected Annual Return (%)

Education Inflation Rate (%)

Education Cost Planning

Annual Education Cost

Projected RESP Value

CAD 101,002.11

by age 18

✓ Reviewed and updated for accuracy using current official rates and widely accepted formulas.

Key Tips

✓
Contributing $2,500 annually maximizes the standard CESG grant each year.
✓
Starting RESP contributions early allows more years of tax-sheltered compounding.
✓
Unused CESG room may be carried forward and recovered in future years.
✓
Some provinces offer additional education savings incentives beyond CESG.
✓
RESP withdrawals are generally taxed in the student's hands, often at a lower tax rate.

Help & FAQs

Frequently Asked Questions

Clear answers to common questions to help you use this calculator confidently.

What's the CESG matching limit?

Tap to view the answer

20% grant on first $2,500/year = $500. Up to 40% for low-income families. Lifetime max $7,200 per child.

Can I withdraw anytime?

Tap to view the answer

Original contributions anytime tax-free. Growth/CESG taxed in student's hand when withdrawn for education.

What if my child gets a scholarship?

Tap to view the answer

EAP (Educational Assistance Payment) can be reduced, and excess can be transferred to RRSP or withdrawn with taxes paid by beneficiary.

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How to Use This Calculator

Enter Child Information

Provide your child's current age and expected years until post-secondary education.

Add RESP Contributions

Enter your current RESP balance and planned contributions.

Review Government Grants

Estimate CESG and provincial education grants available to your family.

Choose Expected Investment Return

Select a realistic long-term annual return assumption.

View Education Savings Projection

See future RESP value, grant amounts and estimated education cost coverage.

Understanding Your Results

Projected RESP Value
The estimated RESP account balance available when your child starts post-secondary education.
CESG Grants
Government contributions added to your RESP through the Canada Education Savings Grant program.
Investment Growth
Tax-sheltered earnings generated by RESP investments over time.
Education Coverage
Percentage of estimated education expenses that can be funded through the RESP.
Total Contributions
The amount contributed by parents, guardians or family members.

Key Tips

✓
Contributing $2,500 annually maximizes the standard CESG grant each year.
✓
Starting RESP contributions early allows more years of tax-sheltered compounding.
✓
Unused CESG room may be carried forward and recovered in future years.
✓
Some provinces offer additional education savings incentives beyond CESG.
✓
RESP withdrawals are generally taxed in the student's hands, often at a lower tax rate.

Understanding RESPs and Education Savings in Canada

What is an RESP?

A Registered Education Savings Plan (RESP) is a tax-advantaged account designed to help Canadian families save for post-secondary education expenses. Investment growth accumulates tax-free while funds remain in the plan.

How CESG Works

The Canada Education Savings Grant (CESG) provides government matching contributions on eligible RESP deposits. Most families receive a 20% grant on annual contributions up to prescribed limits.

Enhanced CESG Benefits

Lower- and middle-income families may qualify for additional CESG grant percentages, increasing government assistance for education savings.

Provincial Education Grants

Certain provinces offer additional education savings incentives that can supplement federal RESP benefits and improve long-term education funding.

RESP Withdrawals

When a beneficiary attends an eligible post-secondary institution, RESP funds can be withdrawn to cover tuition, books, housing, transportation and other education-related costs.

Child Information

Current RESP Details

Contributions

Government Grants

Growth Assumptions

Education Cost Planning

Key Tips

What's the CESG matching limit?

Can I withdraw anytime?

What if my child gets a scholarship?

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Child Information

Current RESP Details

Contributions

Government Grants

Growth Assumptions

Education Cost Planning

How to Use This Calculator

Understanding Your Results

Key Tips

Understanding RESPs and Education Savings in Canada

What is an RESP?

How CESG Works

Enhanced CESG Benefits

Provincial Education Grants

RESP Withdrawals

How to Use This Calculator

Understanding Your Results

Understanding RESPs and Education Savings in Canada

What is an RESP?

How CESG Works

Enhanced CESG Benefits

Provincial Education Grants

RESP Withdrawals