INVESTMENT CALCULATORS

RESP Calculator
(Registered Education Savings Plan)

CONSIDERATIONS

  • You are only permitted to contribute for the first 31 years of the beneficiary's (student's) life.
  • The maximum total contribution is $50,000.
  • The Federal government contributes up to 20% (to a maximum of $7,200) of your contribution in a grant amount not exceeding $500 per year. This is called the CANADA EDUCATION GRANT (CEG).

NOTE: The calculator compares the benefits of different contribution frequencies.

I wish to make a SINGLE ONE-TIME contribution and no further contributions. My one-time contribution is (max $50,000).$

PERIODIC CONTRIBUTIONS
1)   How much I will contribute once per year$
2)   How much I will contribute every 2 weeks$
3)   How much I will contribute twice per month$
4)   How much I will contribute per month$
How many years I will contribute to the RESP

INVESTMENT INSIDER

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