Child's Age
The child's current age.
Age Starting School
The age when the child is anticipated to begin post-secondary education.
Length of Study
The length of study (in years).
Annual Tuition
The estimated cost of tuition per year in today's dollars.
Annual Living Expenses
The estimated cost of living expenses per year in today's dollars.
Annual Inflation Rate
The anticipated inflation rate per year.
%
Net Household Income
The annual household income after taxes.
$49,020 or less
$49,021 to $98,040
$98,041 or more
Current Education Savings
The amount of money already put aside for the child's post-secondary education.
Annual Rate of Return
The annual interest rate you expect to receive on RESP contributions.
%
Contribution Amount
The amount you will be regularly contributing to the RESP. All contributions are assumed to happen at the beginning of the period.
Contribution Frequency
How often you will make your contributions into the RESP.
Monthly
Semi-monthly
Weekly
Bi-weekly
Annually
Congratulations!
You're on track.
Not quite there . . .
Projected RESP balance
Individual contributions:
Government grants:
Projected earnings:
Total:
Estimated education costs:
Surplus:
Shortfall:
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Education Savings Summary
RESP Balance over Time
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