Before you use this estimate
  • $50,000 lifetime limit covers personal contributions across all RESPs for one beneficiary.
  • Over-contributions face a 1%-per-month penalty until withdrawn.
  • Include every RESP account, including ones opened by other subscribers.
Remaining lifetime contribution room$37,500

Track all RESPs for the same beneficiary.

Input Use real family numbers

Replace defaults with the child's age, contribution history, province, school timing, or provider details where the tool asks for them.

Output Compare the next decision

Use the result to decide what to ask the promoter, not as proof of eligibility or investment outcome.

Constraint Confirm before acting

RESP grants, withdrawals, transfers, fees, and school eligibility can depend on provider support and current government rules.

Assumptions and constraints

Review before using the result 0/3 checked

Your next step

Use the result above to decide what to read or ask next.

Read the guide How to choose an RESP provider

Compare fees, grant support, transfers, and withdrawals before opening or moving a plan.

 Compare providers RESP Provider Checklist

Confirm fees, grant support, transfers, and withdrawals before opening or moving a plan.

 Learn the basics Short RESP course

Follow terms, grants, providers, and withdrawals in order.

Official sources

RESP contributions Canada Revenue Agency · checked 2026-05-27