Your Details
Child's name | |
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Child's year of birth | |
RESP contributions made to date (including current calendar year) | |
RESP contributions made in current calendar year | |
CESG to be received to date (including current calendar year) | |
CESG to be received for current calendar year |
Results
Your Results
Contribution start: | |
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Recommended monthly contribution: | |
Recommended annual contribution: |
Current Year Contributions | Total Contributions | CESG to be Received | |
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To Date | |||
Future | |||
Total |
Standard Results
Calendar Year | Monthly Contribution Amount | Number of Contributions | Total Contributions in Calendar Year | CESG to be received in Calendar Year |
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Total |
Accelerated Results
Calendar Year | Monthly Contribution Amount | Number of Contributions | Total Contributions in Calendar Year | CESG to be received in Calendar Year |
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Total |
The calculator results are based on the information you provide and is to be used for illustrative and general information purposes only. Actual results and CESG amounts may vary. The calculations should not be relied upon as specific financial or other advice. Recommended contribution amounts will depend on personal affordability. For more information, please contact a Knowledge First Financial sales representative. The maximum life time contribution amount of an RESP is $50,000. The calculator assumes that you are eligible to receive the Canada Education Savings Grant to a maximum of 20% on every dollar of the first $2,500 you save in your child’s RESP each year to a maximum contribution of $36,000.00. Certain conditions apply. For more information on government grants visit esdc.gc.ca.