ON Education Savings
RESP Grants for a $5,000 Annual Contribution in Ontario
Maximize your Canada Education Savings Grant (CESG) by calculating the returns on a $5,000/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
$
$
Child 2
$
$
Combined across all children
Contribution Plan
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
$131,206
Total Contributions
$75,000
Total Grants
$12,700
Interest Earned
$43,506
Per-Child Grant Room (Projected)
Child 1Age 7 → 18
CESG (20% match)$5,500
CLB (Low-income)$0
Individual Total$5,500
Child 2Age 3 → 18
CESG (20% match)$7,200
CLB (Low-income)$0
Individual Total$7,200
Family Growth Projection
Pooled growth until youngest child is 18
Projection Table
Pooled Family Growth
| Year | Contribution | Grants | Balance |
|---|---|---|---|
Year 1Ages: 8, 4 | $5,000 | +$1,000 | $6,139 |
Year 2Ages: 9, 5 | $5,000 | +$1,000 | $12,593 |
Year 3Ages: 10, 6 | $5,000 | +$1,000 | $19,377 |
Year 4Ages: 11, 7 | $5,000 | +$1,000 | $26,507 |
Year 5Ages: 12, 8 | $5,000 | +$1,000 | $34,003 |
Year 6Ages: 13, 9 | $5,000 | +$1,000 | $41,882 |
Year 7Ages: 14, 10 | $5,000 | +$1,000 | $50,164 |
Year 8Ages: 15, 11 | $5,000 | +$1,000 | $58,870 |
Year 9Ages: 16, 12 | $5,000 | +$1,000 | $68,022 |
Year 10Ages: 17, 13 | $5,000 | +$1,000 | $77,641 |
Year 11Ages: 18, 14 | $5,000 | +$1,000 | $87,753 |
Year 12Ages: 19, 15 | $5,000 | +$1,000 | $98,382 |
Year 13Ages: 20, 16 | $5,000 | +$700 | $109,248 |
Year 14Ages: 21, 17 | $5,000 | +$0 | $119,953 |
Year 15Ages: 22, 18 | $5,000 | +$0 | $131,206 |
Official CRA Resources
Official CRA Resources
Total Projected$131,206
Total Grants+$12,700