By starting early, you can reach a higher goal with a lower
monthly contribution.
The chart below shows an example of how much your money can grow when you get an early start in an RESP and take advantage of the Canada Education Savings Grant.
The chart below shows an example of how much your money can grow when you get an early start in an RESP and take advantage of the Canada Education Savings Grant.
‡ This generic RESP example is based on a monthly contribution of $100. Investment income is calculated
at an average annual rate of return of 6% compounded semi-annually over 18 years for a newborn,
16 years for a 2 year old and 13 years for a 5 year old and excludes fees. Canada Education Savings
Grant is calculated at 20% of contributions. The value of an RESP with CESG is used only to illustrate
the effects of compounding, and is not intended to reflect future values of your RESP or returns on
investment in your RESP.