RESP Calculator (Monthly ↔ Target) — with CESG

Assumes funds are needed at age 18. Uses today’s date to estimate the remaining months. You can include the Canada Education Savings Grant (CESG) to see how matching can improve the projection.

Inputs

Child’s current age (years)

Additional months

Expected annual return (%)

Contribution timing

Include CESG matching

Basic CESG (20%) + optional Additional CESG (income-based) on the first $500/yr. Does not include CLB.

Additional CESG (income bracket)

CESG lifetime cap ($)

Note: CESG is generally available up to Dec 31 of the year the child turns 17, and eligibility rules apply at ages 16–17. This calculator assumes those conditions are met.

Monthly contribution ($)

Not invested (0% return)

Invested (your return)

RESP Calculator (Monthly ↔ Target) — with CESG

Inputs

Projection