Education & RESP

Starts before this calendar year’s contributions; do not include those contributions or grants twice. Projects full calendar years from the age the child turns this year until the year before the chosen start age. Assumes Canadian residency and an eligible RESP/SIN throughout. Contributions and grants are added at each year-end after investment growth. Basic CESG is 20% of contributions, normally up to $500 per year, or up to $1,000 using entered unused basic grant room. New basic room of $500 accrues each eligible year through age 17. Additional CESG on the first $500 is 20% for adjusted family net income up to $58,523, 10% up to $117,045, and zero above, using 2026 thresholds held constant for this illustration. Basic and additional CESG together cannot exceed $7,200 over the child’s lifetime. At ages 16–17, grants require at least $2,000 contributed and not withdrawn before the end of age 15, or $100 in each of four earlier years. Select Yes only if your provider confirms this; the estimate also qualifies future years if this projection contributes at least $2,000 before age 16. Future contributions stop at the $50,000 lifetime limit across all plans; grants do not use contribution room. No withdrawals or grant repayments are modelled. Assumed return after fees is constant and may be negative; it is not guaranteed. Excludes future Canada Learning Bond payments, provincial incentives, education-cost inflation and withdrawal taxes. Include existing bond and provincial grants in the current balance. Income thresholds, future income, grant timing and rules may change. Confirm balances, contribution history and unused grant room with your RESP provider.