Adding An RESP Contribution Override

The default assumption is that the planned contributions will maximize the grant each year, but the annual contributions can be adjusted based on your actual contribution plan.

For example, although we want to maximize grants in the future, we could change contributions of $2,500 per year to $1,200 per year for 4-years while the priority is to pay off debt. For these 4-years the contribution will be reduced and then it will increase back to the default of $2,500 per year after 4-years. By recalculating we can see the impact on the estimated future balance and withdrawal amount.