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Your contributions + government match + compound ★ RESP VALUE AT AGE 17 $81,880 $37,440 you + $7,200 CESG grants + growth
YEARS LEFT 15
ANNUAL CESG $549
YOU CONTRIBUTE $37,440
TOTAL CESG EARNED $7,200
★ 6 TOP RESP PROVIDERS ★
Where to open your RESP WS Wealthsimple RESP Auto-invested portfolios
Newest entrant. Auto-invest growth portfolio. Easiest to open online.
Open → JW Justwealth RESP Target-date portfolios
FEES $0 (waived for RESPs!) + 0.20% MER
MIN $0
Best target-date RESP — portfolio gets more conservative as child approaches 18 automatically.
Open → QT Questrade RESP Self-directed
FEES $4.95-9.95/trade
MIN $1000
Best for hands-on parents who want to pick their own ETFs/stocks.
Open → Big-6 reliability + in-branch service. Higher fees but easier for non-investors.
Open → Same trade-offs as BMO. Best if you already bank with RBC.
Open → IND CST Consultants Group plan
FEES $3-9/mo + advisor commissions
MIN $0
⚠ AVOID. Group RESPs have high enrolment fees and inflexible rules. Self-directed beats group every time.
Open → YOUR QUESTIONS
RESP · straight answers What's the maximum CESG I can get?− CESG (Canada Education Savings Grant) matches 20% of your annual contribution, up to $500/yr. Lifetime max: $7,200 per beneficiary. To max it: contribute $2,500/yr × 17 years = $42,500 (you receive $7,200 in free grants). Lower-income families get extra 10-20% on the first $500. What's the lifetime contribution limit?+ What if my child doesn't go to school?+ CLB and Provincial Grants?+ Family vs Individual RESP?+ How do RESP withdrawals work?+