RESP · Education Savings

How much grant is still on the table?

The Canada Education Savings Grant adds 20% on the first $2,500 CAD you contribute each year — up to $7,200 CAD per child. Unclaimed room carries forward, but only until 17.

Beneficiary

Child's birth yearCESG eligibility ends Dec 31 of the year the child turns 17.

Your contributions

Total contributed (all years)

Lifetime cap per child is $50,000 CAD.Of that, contributed in 2026

First $2,500 CAD earns 20% CESG ($500 CAD max).

CESG remaining to claim

$7,200CAD

13 more years to claim it. Contribute $2,500 CAD this year to take the full $500 CAD.

5 yr

Child's age

13 until 18

$0CAD

Total contributed

of $50,000 CAD

$0CAD

CESG earned

of $7,200 CAD

$2,500CAD

To maximize this year

Earns $500 CAD CESG

If you keep contributing $2,500 CAD/yr5% growth, full CESG

$55,271CAD

Estimated balance when your child turns 18. An estimate, not a promise — markets don't return 5% on schedule.

Informational only — verify your numbers at CRA My Account before contributing.