Tax Benefits of an RESP

Use this calculator to see the tax benefits of investing in a Registered Education Savings Plan (RESP).
Alberta
Your taxable income (maximum value $250,000)
75,000
Info
Annual RESP contribution (maximum value $5,000)
2,500
Info
Contribute for (maximum 18 years)
18
X
Input Error: Contribute for (years)
The maximum value you can enter is 18 years.
Rate of return (maximum value 16%)
6.00%
X
Input Error: Rate of return
Enter a value between and %.
Investment Value in 18 Years
RESP
Non-RESP
RESP Advantage

 
PDF

Assumptions
Calculations use marginal tax rates as of . Rates take all federal and provincial taxes and surtaxes into account and the basic personal tax credit. Annual RESP contributions are made at the start of each year. Calculations include the CESG grant.

Disclaimer