RESP Calculator with CESG Grant
See your child's education fund grow — including the 20% government match.
RESP Value at Age 18
$0
Your Contributions
$0
CESG Grants (20%)
$0
Investment Growth
$0
How the CESG Grant Works
The Canada Education Savings Grant matches 20% of RESP contributions, up to $500 per child per year ($2,500 of contributions) and $7,200 lifetime. It is the closest thing to free money in Canadian personal finance.
Contributing $208/month ($2,500/year) captures the full annual grant. Miss a year? Grant room carries forward — you can catch up one extra year at a time ($1,000 max grant per year).
Frequently Asked Questions
How much CESG grant can I get per year?
20% of contributions up to $500/year per child (on $2,500 contributed), with a $7,200 lifetime maximum per child.
What happens to an RESP if my child doesn't go to school?
You can transfer it to a sibling, move up to $50,000 of growth into your RRSP (room permitting), or withdraw — grants return to the government, contributions come back to you tax-free.
When should I stop contributing to an RESP?
Grants stop the year the child turns 17. To capture the full $7,200 you generally need to start by age 10 at the latest.