How much could an individual RESP with Kaleido earn you?
Get the answer in one click with our RESP calculator!1
The online RESP calculator shows the size and frequency of the contributions you'll need to make to save enough for your child’s postsecondary education.
What RESP benefits should you include in your calculation?
GRANTS, first and foremost!
For each child, you can receive up to $12,800 in government grants!2
Really! Governments give your savings a boost every year, and for every dollar you invest, you can earn 20% to 60% in government grants.2 And on top of that, it’s easy! You don’t have to do a thing: The money is deposited directly into your RESP.
Download our short summary guide
to learn all about the generous government grants associated with the RESP.
Download the guideWithdrawal of contributions is not taxable
Your registered education savings plan contributions grow tax-free. At withdrawal, grants and accrued income are taxed in the hands of the beneficiary. Your contributions are not taxable at withdrawal.
A yield with potential
The return you could accumulate in an individual RESP is one of its greatest advantages! That’s because interest can accumulate not only on your contributions, but also on government grants. This increases the amount on which compounded returns are calculated, and the effect is exponential!
To find out more about RESPs, contact us today!
How are grants calculated in an individual RESP?
Regardless of family income, the eligible beneficiary is entitled to the Canada Education Savings Grant (CESG), equivalent to 20% of contributions made during the year, and to the Quebec Education Savings Incentive (QESI), which adds another 10% (for Quebec residents).
In addition, depending on your adjusted family net income, you may also qualify for the Additional CESG and Additional QESI.
Note that the federal government also offers the Canada Learning Bond (CLB), an additional incentive of up to $2,000 (without spending a single dollar!) to help low-income families.2
Questions about RESPs?
We’d be delighted to answer your questions and help you through the education savings process.
Make an appointment with a sales representative
Discover our range of individual RESPs: IDEO+ Conservative, IDEO+ Adaptive and IDEO+ Responsible.
Simple, flexible, no-holds-barred investing!
- The results presented are for illustrative purposes only and do not guarantee the future performance of the chosen IDEO+ plan.
- Canada Education Savings Grant (CESG) from 20% to 40% and Quebec Education Savings Incentive (QESI) from 10% to 20%. Based on adjusted family net income. The maximum annual CESG payment is $600 and the maximum annual QESI payment is $300. The lifetime maximum per beneficiary is $7,200 for CESGs and $3,600 for QESIs. Canada Learning Bond (CLB) of up to $2,000 per beneficiary for a child born after December 31, 2003, whose family is financially eligible. Certain conditions apply. See our prospectus at kaleido.ca.