RESP CESG Grant Calculator
See how much free government grant money your child's RESP qualifies for.
CESG stops at end of year child turns 17
BC & AB have extra provincial grants
Contribute at least $2,500/yr to get the full $500 CESG grant
Results update automatically as you type.
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Open RESP — Get $25 Free →What is an RESP?
The Registered Education Savings Plan (RESP) is Canada's dedicated education savings account. What makes it unique: the government matches 20% of your contributions(on the first $2,500/year per child) through the Canada Education Savings Grant (CESG) — up to $500/year and $7,200 lifetime per child. That's free money you can't get anywhere else.
There's no annual contribution limit, but the lifetime maximum is $50,000 per child. All growth inside the RESP is tax-sheltered until withdrawn for post-secondary education. At that point, only the grant and growth portions are taxable — and in the student's hands, likely at a very low rate.