Build Your RESP Savings

Build Your Resp Savings

Calculate how much you could grow your RESP savings to meet your child’s school and education expenses.

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.

June 6, 2014

I’d like to be a Fisgard BFF!



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 (max $5,500)	$
2) How much I will contribute every 2 weeks (max $211)	$
3) How much I will contribute twice per month (max $229)	$
4) How much I will contribute per month (max $458)	$
How many years I will contribute to my RESP

Build Your RESP Savings