§ Calculator · Savings

RESP + CESG match

Per child. CESG matches 20% on the first $2,500/yr ($500/yr max). Lifetime CESG cap: $7,200. Lifetime contribution cap: $50,000.

What this is

Free 20% from the government for kids' school

A Registered Education Savings Plan (RESP). You contribute, the government matches 20% via the Canada Education Savings Grant (CESG). One of the best-value accounts in Canada.

·Match: 20% on the first $2,500/yr you contribute per child. That's $500/yr free, up to $7,200 lifetime.
·Lifetime contribution cap per child: $50,000. No annual cap on contributions, but only the first $2,500 each year gets matched.
·Withdrawals: contributions come out tax-free. Growth + CESG (the EAP) is taxed in the kid's hands — usually low/zero tax during school years.

Annual contribution per child (CAD)Years until first year of schoolExpected return

Existing RESP balanceExisting CESG used

Contributed

$37,500

CESG match

$7,200

Growth

$29,000

End balance

$73,700

Educational projection. Not financial advice. Contributions are made with after-tax money but withdrawals (EAP) are taxed in the child's hands — usually low/zero tax during school years.