Start Education Planning Now

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 18 years)
5
X
Input Error: Years delayed
You cannot enter a value greater than 18 years of growth.
Rate of return (maximum value 16%)
6.00%
X
Input Error: Rate of return
Enter a value between 0 and 16%.
RESP Value in 18 Years
$79,279
$49,037
$30,242
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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 January 2025. Provincial grants are not included in the calculations.

Disclaimer
This calculator is for educational purposes only. All charts and illustrations are for illustrative purposes only and are not intended to illustrate the performance of any security or portfolio. You should not rely on the results as an indication of your financial needs and we recommend that you seek your own financial, investment, tax, legal or accounting advice nor shall the information herein be considered as investment advice or as a recommendation to enter into any transaction. Professional advice should be obtained prior to acting on the basis of this information. The deduction of advisory fees, brokerage or other commissions and any other expenses that would have been paid may not be reflected in the calculation results. CI Assante Wealth Management is a registered business name of Assante Wealth Management (Canada) Ltd. Powered by Ativa.com.