RESP Calculator: CESG Grant and Education Savings
Estimate an RESP with the Canada Education Savings Grant: 20% on the first $2,500 a year, the extra for lower incomes, catch-up and the $7,200 lifetime limit.
| Age | Contribution | CESG | Value |
|---|
CESG rules from the Government of Canada: 20% of the first $2,500 a year, up to $1,000 a year with unused room carried forward, plus 20% (income under $58,523) or 10% (up to $117,045) of the first $500 in 2026, until the end of the year the child turns 17. The Canada Learning Bond ($500 + $100 a year) for low income is not included.
What it does
A registered education savings plan helps save for a child's studies after high school. The government adds the Canada Education Savings Grant to your contributions, the money grows tax-sheltered, and the growth and grants are taxed in the student's hands, usually at little or no tax.
How to use it
- Type the child's age, the yearly contribution and the family net income.
- Type the current balance and grants already received, if any, and the expected return.
- See the grant, the value at 18 and the table year by year.
The arithmetic runs in your browser. Nothing you type is sent anywhere and nothing is stored, so you can use these with real numbers.
Frequently asked questions
How much is the CESG grant?
20% of the first $2,500 a year, $500, up to $7,200 per child. Contributing $2,500 a year from birth reaches the $7,200 at age 14.
Can I catch up on missed CESG?
Yes, unused room carries forward, up to $1,000 of CESG a year on $5,000 of contributions. Starting at age 10 with $5,000 a year still collects the full $7,200 by 17.
Who gets the additional CESG?
Families with a 2026 net income under $117,045 get 10% more on the first $500 ($50), and under $58,523 20% more ($100), so up to $600 a year.
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