RESP · Education Savings

Maximize your child's CESG grant

The Canada Education Savings Grant adds 20% on the first $2,500 CAD you contribute each year — up to $7,200 CAD total. We'll show how much free money is still on the table.

Beneficiary

Child's birth yearCESG eligibility ends Dec 31 of the year the child turns 17.

Your contributions

Total contributed (all years)

Lifetime cap per child is $50,000 CAD.Of that, contributed in 2026

First $2,500 CAD earns 20% CESG ($500 CAD max).

CESG remaining to claim

$7,200 CAD

13 years of CESG eligibility left

Child's age

5 yr

13 until 18

Total contributed

$0 CAD

of $50,000 CAD

CESG earned

$0 CAD

of $7,200 CAD

To maximize this year

$2,500 CAD

Earns $500 CAD CESG

If you keep contributing $2,500 CAD/yr

$55,271 CAD

Estimated RESP balance when your child turns 18, assuming 5% annual growth and full CESG capture.

Informational only — verify your numbers at CRA My Account before contributing.