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Use this calculator to see the cost
of waiting to invest in an RESP.

Net family income
75,000
Annual RESP contribution
2,000
Contribute for (years)
18
Years delayed
5
Rate of return
6.00%
Net Family Income

Your adjusted net family income is used to calculate an additional CESG grant amount where applicable.
Annual RESP Contribution

There is no annual RESP contribution limit but there is a lifetime maximum limit of $50,000.
X
Input Error: Contribute for (years)

The maximum value you can enter is 18 years.
X
Input Error: Rate of return

The maximum rate of return you can enter is 15.00%.
X
Input Error:
Annual RESP Contribution


You have exceeded the $50,000 maximum lifetime limit by . Enter a lower Annual RESP contribution amount, or decrease the number of contribution years.
X
Input Error: Years delayed

You cannot enter a value greater than years of growth.
RESP Value in 18 Years
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Cost of Waiting




 

Assumptions
Annual RESP contributions are made at the start of each year. Calculations include the basic CESG (20%) and the additional CESG that is based on family income. Calculations use income tax brackets as of January 2017. Provincial grants are not included in the calculations.

Disclaimer
This calculator is for educational purposes only. All charts and illustrations are for illustrative purposes only and are not intended to illustrate the performance of any security or portfolio. You should not rely on the results as an indication of your financial needs and we recommend that you seek your own financial, investment, tax, legal or accounting advice nor shall the information herein be considered as investment advice or as a recommendation to enter into any transaction. Professional advice should be obtained prior to acting on the basis of this information. The deduction of advisory fees, brokerage or other commissions and any other expenses that would have been paid may not be reflected in the calculation results. ® The Assante symbol and Assante Wealth Management are registered trademarks of CI Investments Inc., used under license.