RESP calculator with the CESG

Estimate how much your child's Registered Education Savings Plan could hold when studies begin, including the Canada Education Savings Grant and compound growth.

Child's current age

yrs

Current RESP balance

Contributions already made

CESG already received

Annual contribution

Expected annual return

Age when studies start

yrs

Projected RESP value

$86,597

At age 18

Grants (CESG)

$7,200

Federal basic grant

Your contributions

$45,000

Investment growth

$34,397

RESP balance by age

Assumptions: contributions at the start of each year; 20% basic CESG up to $500/year, with unused room carried forward (max $1,000/year) and $7,200 lifetime, paid until the end of the year the child turns 17; $50,000 lifetime contribution limit. The additional CESG, Canada Learning Bond and provincial grants (e.g. Quebec's QESI, BC's BCTESG) are not included. Grant rules as of NorthWorth's latest update and may change.

How the CESG works

The federal government adds 20% to the first $2,500 you contribute each year to a child's RESP — up to $500 a year. If you missed years, unused grant room carries forward, and you can catch up by up to $1,000 of grant per year (on a $5,000 contribution). Each child can receive up to $7,200 in basic CESG over their lifetime.

Want to track your TFSA, RRSP and FHSA too? Try NorthWorth's other free tools.

This platform provides financial planning tools and calculations for informational and educational purposes only. It does not provide financial, investment, tax, legal or mortgage advice. Results are based on user-provided information and assumptions. Contribution limits, tax rates and regulatory parameters reflect the rules in effect as of the latest update (2026) and may change; always verify official amounts with the CRA or a licensed professional.