Help them off to a Good Start.
Like all of us, when it comes to education costs, the ones you really want to know about are the costs that will affect your family. For a child born in 2008, it's estimated that a four-year post-secondary education will cost $76,751. That could rise to $122,926* if your child lives away from home.
That's why we've created this special RESP Calculator. You can use it to work out:
- How much your child's post-secondary education is likely to cost
- How much you need to set aside each month or year to reach your goal
- How much you can save by contributing to an RESP rather than borrowing
RESP Calculator
* From 1995/1996 to 2006/2007, the average annual increase in total tuition cost was 5.69% and the average annual increase in the cost of accomodation was 4.53%. Source: Statistics Canada