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)::
|
25
|
Years delayed:
|
5
|
Rate of return:
|
6.00%
|
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
. Provincial grants are not included in the calculations.
Disclaimer