RESP Withdrawal Calculator

The best RESP withdrawal calculator on the internet… OK, I think it is the only one. But, still pretty good.


  • Enter in your RESP value for CESG, accumulated income, and contributions
  • Budget using student income from jobs and RESP
  • Estimates how an Educational Assistance Payment will be drawn
  • Determine how much return of capital to draw
  • Estimates student taxes to help plan an efficient liquidation. Account for tuition tax credits.
  • Estimate penalties if the RESP is not drained and you don’t roll it into your RRSP
  • Customize with your own values and their are federal/provincial tax estimators running in the background.

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