RESP Grant Maximizer Summary

RESP Grant Maximizer

The Knowledge First Financial RESP Grant Maximizer is a calculator to help families understand how to maximize the amount of Canadian Education Savings Grant (CESG) they can receive from the government for their child’s Registered Education Savings Plan.

The calculator is approximate and is for informational purposes only.

 

Have any previous contributions been made towards any RESP for your child?


Information you submit will be used solely for the purposes of calculating the possible CESG and will not be retained by Knowledge First Financial or any of its Sales Representatives.

 
 

Will the beneficiary be eligible to receive CESG at ages 16/17?

 

CESG is based on 20% of your contributions. If your actual CESG received differs from the illustrated calculations above, the accuracy of the results will be impacted. For more information on government grants visit esdc.gc.ca.

Your Details
Child's name
Child's year of birth
RESP contributions made to date (including current calendar year)
RESP contributions made in current calendar year
CESG to be received to date (including current calendar year)
CESG to be received for current calendar year

Your Results
Contribution Start
Recommended Monthly Contribution
Recommended Annual Contribution
  Current Year Contributions Total Contributions CESG to be Received
To Date
Future
Total
Standard Results
Lump Sum Contribution in First Year
$0.00
Calendar Year Monthly Contribution Amount Number of Contributions Total Contributions in Calendar Year CESG to be received in Calendar Year
Total
Accelerated Results
Lump Sum Contribution in First Year
$0.00
Calendar Year Monthly Contribution Amount Number of Contributions Total Contributions in Calendar Year CESG to be received in Calendar Year
Total
* Inclusive of any lump sump payment requirements

The calculator results are based on the information you provide and is to be used for illustrative and general information purposes only. Actual results and CESG amounts may vary. The calculations should not be relied upon as specific financial or other advice. Recommended contribution amounts will depend on personal affordability. For more information, please contact a Knowledge First Financial sales representative. The maximum life time contribution amount of an RESP is $50,000. The calculator assumes that you are eligible to receive the Canada Education Savings Grant to a maximum of 20% on every dollar of the first $2,500 you save in your child’s RESP each year to a maximum contribution of $36,000.00. Certain conditions apply. For more information on government grants visit esdc.gc.ca.