What grants do I get for contributing $10,000 a year to an RESP in Ontario?

Contributing $10,000 annually to a Registered Education Savings Plan (RESP) in Ontario makes you eligible for the federal 20% Canada Education Savings Grant (CESG) match. Depending on your income level, you may also qualify for the Canada Learning Bond (CLB) or specific provincial incentives.

ON Education Savings

RESP Grants for a $10,000 Annual Contribution in Ontario

Maximize your Canada Education Savings Grant (CESG) by calculating the returns on a $10,000/year RESP contribution in Ontario. See your projected child education fund balance for 2026.

Max Match Goal

The federal government matches 20% of your contributions up to $2,500 per year. To get the maximum $500 annual CESG grant, aim to contribute at least $208.33 per month per child.

Family RESP Plan

Multi-child savings strategy

Children

Child 1

Current Age: 7

Past Contributions

Grants Received

Child 2

Current Age: 3

Past Contributions

Grants Received

Total Current Plan Balance

Combined across all children

Contribution Plan

Total Amount

Frequency

Expected Annual Return (5%)

Province of Residence

Low-income eligibility. Each child receives up to $2,000 individually.

Canada Learning BondLow-income eligibility

Show Estimated PayoutsWithdrawal Simulation

Contribution Splitting: The contribution amount is automatically divided among children under 18 to maximize per-child grants.

Projected Balance

$190,949

Total Contributions

$100,000

Total Grants

$14,200

Interest Earned

$76,749

Per-Child Grant Room (Projected)

Child 1Age 7 → 18

CESG (20% match)$7,200

CLB (Low-income)$0

Individual Total$7,200

Child 2Age 3 → 18

CESG (20% match)$7,000

CLB (Low-income)$0

Individual Total$7,000

Family Growth Projection

Pooled growth until youngest child is 18

Projection Table

Pooled Family Growth

Year	Contribution	Grants	Balance
Year 1Ages: 8, 4	$10,000	+$2,000	$12,279
Year 2Ages: 9, 5	$10,000	+$2,000	$25,186
Year 3Ages: 10, 6	$10,000	+$2,000	$38,753
Year 4Ages: 11, 7	$10,000	+$2,000	$53,015
Year 5Ages: 12, 8	$10,000	+$1,500	$67,494
Year 6Ages: 13, 9	$10,000	+$1,500	$82,715
Year 7Ages: 14, 10	$10,000	+$1,500	$98,714
Year 8Ages: 15, 11	$10,000	+$700	$114,713
Year 9Ages: 16, 12	$10,000	+$500	$131,326
Year 10Ages: 17, 13	$10,000	+$500	$148,789
Year 11Ages: 18, 14	$0	+$0	$156,401
Year 12Ages: 19, 15	$0	+$0	$164,403
Year 13Ages: 20, 16	$0	+$0	$172,814
Year 14Ages: 21, 17	$0	+$0	$181,656
Year 15Ages: 22, 18	$0	+$0	$190,949

Official CRA Resources

CRA: CESG Matching Rules & Limits

CRA: CLB Eligibility Requirements

Total Projected$190,949

Total Grants+$14,200