Financial Tools

RESP Planner – Education Savings Calculator

Estimate how your child’s education fund could grow based on your contributions, government grants, and an assumed rate of return. This tool keeps the math clear and the language simple, so you can focus on the plan.

When you’re ready, you can also compare this RESP with longer-term investing in the TFSA Contribution & Growth Calculator or RRSP Growth Calculator.

1. Enter your RESP details

Child’s current age (years)

Age when funds are needed

Current RESP balance ($)

Monthly contribution ($)

Extra monthly grant/top-up ($)

Expected annual return (% per year)

This is a simplified projection. Actual RESP rules include CESG eligibility, annual and lifetime grant caps, and contribution limits.

2. See your RESP projection

A calm snapshot of how this RESP could grow by the time funds are needed.

Goal snapshot

⏱️ Years until goal

–

🎓 Projected RESP value

What you’ll have put in

💰 Total contributions (you + grants)

📈 Estimated growth (earnings)

🌱 Share from growth

Enter your details to see the mix between what you contribute and what comes from growth.

Enter your child’s age, contribution, and return assumptions to see how this RESP could build over time.

When you get closer to your goal age, you may want to review your investment mix or compare RESP balances with savings in a TFSA or RRSP, depending on your broader plan.