RESP Contribution Calculator
Plan RESP contributions to maximize the Canada Education Savings Grant (CESG). Contribute $2,500/year to get the full $500 annual CESG.
2026 Tax YearData stays on your deviceUpdated Apr 1, 2026
$
Projected RESP at Age 18
$78,810.70
15 years of growth
Total Contributions
$40,000.00
Over 14 years
Total CESG Grants
$7,000.00
$500.00/year
Investment Growth
$31,810.70
At 6% return
CESG Status
Maximized
Getting full $500/yr
Frequently Asked Questions
What is the optimal annual RESP contribution?
$2,500 per year per child maximizes the 20% CESG match, giving you $500 in free government grants annually, up to a lifetime maximum of $7,200 per child.
What happens to unused CESG room?
Unused CESG room carries forward. You can catch up by contributing more in future years (up to $5,000 for double the grant in catch-up years).
What is the RESP lifetime contribution limit?
The lifetime contribution limit is $50,000 per beneficiary. There is no annual contribution limit, but CESG is only paid on the first $2,500 per year.
Official Data Sources
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Built and reviewed by Konstantin Iakovlev · Data from CRA, CMHC, Bank of Canada · MethodologyDisclaimer: This calculator provides estimates based on publicly available data from CRA and other government sources. It does not constitute financial advice. Consult a qualified advisor for decisions about your specific situation.
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