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Education Savings Calculator
Plan for a child's education and see how contributions, grants, and growth add up.
Education savings
Will you be ready for their first day of school?
Project an RESP — with government grants — against the future cost of post-secondary education.
About the student
Child's age today
Age starting school
When post-secondary studies begin. Contributions run until then.
Length of study
Your finances
Net family income
Determines the ADDITIONAL Canada Education Savings Grant on the first $500 you contribute each year: +20% for lower incomes, +10% for middle, none above. Every tier gets the 20% base grant (to $500/yr, $7,200 lifetime). Thresholds shown are 2025 figures — the CRA indexes them annually.
Education costs
Annual tuition
Tuition per school year, in today's dollars — we grow it with inflation to each school year.
Annual living expenses
Residence, food, books — per school year in today's dollars.
Annual inflation
How fast education costs rise. Today's costs are grown at this rate to each school year.
Your savings
Current education savings
Contribution frequency
Contribution amount
Added at the beginning of each period. RESP contributions attract the CESG grant below.
Rate of return
Available for their education
You're on track
Your plan covers the estimated
of education costs with
to spare.
To meet your estimated education costs, you need to save
per
Your current plan provides
of the estimated
—
short.
RESP balance over time
By the child's age
Government grants
The Canada Education Savings Grant: 20% of contributions to $500 a year, plus the income-tiered additional grant, to a $7,200 lifetime maximum per child.
Your contributions
Everything you put in yourself: your current education savings plus every future contribution made before school starts. Grants and growth are counted separately.
Growth earned
Education costs
Today's tuition and living costs grown by inflation to each school year — future dollars, the prices of those years.
Where the money comes from
Available
Savings report
Year by year| Age | Contribution | Grants Canada Education Savings Grant — paid on contributions through the year the child turns 17, to a $7,200 lifetime maximum. | Costs | Return | Balance |
|---|---|---|---|---|---|