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RESP Calculator
Education savings with Canada Education Savings Grants (CESG).
RESP Details
years
$
Contribute $2,500/year to maximize the annual $500 CESG grant
%
The Canada Education Savings Grant (CESG) adds 20% on the first $2,500 you contribute each year: that's up to $500/year free from the government, with a lifetime max of $7,200.
Education Savings by Age 18
Total at Age 18
$70,607
Free CESG Grants
$7,200
Your Contributions
$37,500
Investment Growth
$25,907
- Contributions + CESG
- Balance
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