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Use this calculator to see the cost of waiting to invest in an RESP.
Net family income (maximum value $150,000)
75,000
Info
Annual RESP contribution (maximum value $5,000)
2,000
Info
Contribute for (maximum 18 years)
18
X
Input Error: Contribute for (years)
The maximum value you can enter is 18 years.
Years delayed (maximum years)
5
X
Input Error: Years delayed
You cannot enter a value greater than years of growth.
Rate of return (maximum value 16%)
6.00%
X
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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