Replace defaults with the child's age, contribution history, province, school timing, or provider details where the tool asks for them.
Use the result to decide what to ask the promoter, not as proof of eligibility or investment outcome.
RESP grants, withdrawals, transfers, fees, and school eligibility can depend on provider support and current government rules.
Program cost snapshot
2026-05-24
U of T Engineering Science first-year cost snapshot
University: University of Toronto
Program: Engineering Science, first-year Bachelor of Applied Science in Engineering Science
Estimated annual cost: About $31,500 to $56,200 CAD for one September-to-April school year if the student is an Ontario domestic student living in U of T residence with a meal plan.
Academic-only baseline: About $17,900 to $18,400 CAD before housing and food, using $14,180 tuition, $2,203.84 mandatory incidental/system/ancillary fees, and $1,500 to $2,000+ for books and supplies.
Assumptions
- Uses the latest official U of T Engineering 2025-2026 figures available on May 24, 2026; U of T says 2026-2027 fees are subject to change.
- Assumes Ontario domestic fee status, full-time first-year Applied Science and Engineering registration, September-to-April study, and on-campus residence plus meal plan.
- Includes tuition, mandatory fees, residence/meal-plan range, and books/supplies. Excludes laptop, transit, travel, personal spending, optional insurance opt-outs, scholarships, OSAP, and later PEY co-op fees.
How an RESP could help
- RESP contributions can be withdrawn tax-free by the subscriber and may be used to help the student with tuition, residence, books, or other school costs.
- Educational Assistance Payments can include CESG, CLB, provincial benefits, and investment growth. They are taxable to the student and require enrolment in an eligible post-secondary program.
- Canada.ca says full-time EAPs are normally capped at $8,000 during the first 13 consecutive weeks of enrolment, so large first-term residence and tuition bills may need contribution withdrawals, savings outside the RESP, student aid, or staged withdrawals.
Caveats
- The exact bill appears in ACORN and can change with residency status, course load, health/dental coverage, residence choice, meal plan, scholarships, and university fee updates.
- Engineering Science follows the Faculty of Applied Science and Engineering fee schedule; families should confirm the student's exact account invoice before withdrawing.
- RESP promoters can ask for proof of enrolment and may apply their own documentation process before releasing EAPs.
Planning note: A practical starting target is the academic-only cost first, then decide how much of residence and meal-plan cost the RESP should cover. If the first term needs more than the early EAP limit, ask the promoter how to combine contribution withdrawals and EAPs before tuition or residence deadlines.