What does the calculator do?
This education savings calculator will help you estimate how much money you need to put into an RESP account each year to cover those education costs. It is not a financial planning tool. You can use it to: • Help you estimate your yearly contributions contributions to save for your child(ren’s) education. • Understand your child(ren’s) total education and living costs. • See how much more you can save if you start early. • Calculate how much money you may get from the Canadian Education Savings Grant. You’ll also see how your savings may grow over time in an easy-to-understand bar graph. You can print this out for future reference.
This education savings calculator will help you estimate how much money you need to put into an RESP account each year to cover those education costs. It is not a financial planning tool. You can use it to: • Help you estimate your yearly contributions contributions to save for your child(ren’s) education. • Understand your child(ren’s) total education and living costs. • See how much more you can save if you start early. • Calculate how much money you may get from the Canadian Education Savings Grant. You’ll also see how your savings may grow over time in an easy-to-understand bar graph. You can print this out for future reference.
