How much an RESP with Kaleido could earn for you

RESP calculator

A registered education savings plan calculator is a handy tool that gives you the information you need to optimize your investments for your child’s postsecondary education. 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, based on your situation.


This simple tool will help you calculate how much your child’s postsecondary education could cost.

Takes about 5 min.

Questions about RESPs?

We’d be delighted to answer any questions you may have and guide you through the education savings process.

How does Kaleido’s RESP calculator work?

Our Registered Education Savings Plan calculator is a simple tool that quickly gives you a better sense of how much you need to save.1

Set up your family profile

Enter the first name and age of your beneficiary, your province (Quebec or New Brunswick), and your initial contribution amount. Pick between two goals: reaching a set amount of postsecondary savings or staying within a set budget over the course of your RESP contribution period.

Determine how much your RESP will earn

See how much your Registered Education Savings Plan could generate based on the information you provide.1 You can view the simulation based on your child’s postsecondary education plan or the financial situation you described.

Optimize your results

Optimize your results to achieve your savings goals and take full advantage of the government grants and incentives available to you. Remember, Quebec residents who invest in RESPs are eligible to receive up to $12,800 per beneficiary2 (up to $9,200 in New Brunswick2).

Why use the online RESP calculator?

It’s an easy way to see just how much you could accumulate by investing in an RESP to prepare for your child’s future!1 It allows you to see how your investment could grow based on your child’s postsecondary education plans or your financial situation. You can simulate multiple scenarios1 for more than one child to gain greater insight into your education savings investment strategy!

What are the benefits of an RESP?

╋ Your registered education savings plan contributions grow tax-free. At withdrawal, grants and accumulated income are taxed in the hands of the beneficiary. Your contributions are not taxable.

╋ Governments give your savings a boost: for every dollar you invest, you can earn 20% to 60% in government grants.2 The money is deposited directly into your RESP.

╋ You can easily set up automatic transfers from your bank account, and you can adjust or discontinue them at any time, free of charge. A simple way of building savings into your budget while maximizing your grants!

How are RESP grants calculated?

Government grants in an RESP are based on your adjusted family net income and the amount of your contributions. You could get the Canada Education Savings Grant (CESG) from the federal government, equivalent to 20% of your contributions.2 Also, the Quebec government offers the Quebec Education Savings Incentive (QESI), which adds a 10% top-up on every dollar invested.2 These grants can be even higher for low- and middle-income families. The federal government also offers the Canada Learning Bond for low-income families.2

IDEO+: Education savings products to suit your investor profile

The financial simulations produced by Kaleido’s RESP calculator (based on the information you provide) will indicate which IDEO+ RESP product could be right for you, based on your investor profile and risk tolerance.

In addition, when you open an RESP, a scholarship plan representative will ask you about your investor profile to determine which of the three available plans best suits your needs and goals.

Legal Notes

1. The results shown are for illustration only and are not a guarantee of the selected IDEO+ plan’s future performance.

2. Canada Education Savings Grant (CESG) of 20% to 40% and Quebec education savings incentive (QESI) of 10% to 20%. Based on adjusted net family income. The annual limit is $600 for the CESG and $300 for the QESI. The lifetime limit per beneficiary is $7,200 for the CESG and $3,600 for the QESI. Canada Learning Bond (CLB) of up to $2,000 per beneficiary, for children born to financially eligible families after December 31, 2003. Some conditions apply. See our prospectus at