Build Your Resp Savings
Calculate how much you could grow your RESP savings to meet your child’s school and education expenses.
- You are only permitted to contribute for the first 31 years of the beneficiary’s (student’s) life.
- The maximum total contribution is $50,000.
- The Federal government contributes up to 20% (to a maximum of $7,200) of your contribution in a grant amount not exceeding $500 per year. This is called the CANADA EDUCATION GRANT (CEG).
NOTE: The calculator compares the benefits of different contribution frequencies.