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Use this calculator to see the cost of waiting to invest in an RESP.
Net family income
75,000
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Net Family Income
Your adjusted net family income is used to calculate an additional CESG grant amount where applicable.
Annual RESP contribution
2,000
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Annual RESP Contribution
There is no annual RESP contribution limit but there is a lifetime maximum limit of $50,000.
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.
Contribute for (years)
18
X
Input Error: Contribute for (years)
The maximum value you can enter is 18 years.
Years delayed
5
X
Input Error: Years delayed
You cannot enter a value greater than years of growth.
Rate of return
6.00%
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Input Error: Rate of return
Enter a value between and %.
RESP Value in 18 Years
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Wait 5 Years
Cost of Waiting


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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.

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