Cost of Education Calculator
Use this calculator to estimate how much to save for post-secondary education and plan with confidence.
The cost estimates provided are for illustrative purposes only. They are based on a Canadian citizen or resident beginning undergraduate studies at age 18.5. These estimates exclude expenses related to car ownership and dependents (e.g., children). Actual costs may vary depending on the institution, program, location, and personal circumstances. The estimates are derived from data across 10 Canadian universities to reflect a representative range of undergraduate education expenses nationwide. Tuition for a four-year program is projected using the average tuition and mandatory fees from the previous academic year, assuming an annual increase of 2.7%, consistent with the five-year average. Housing assumptions: one year on-campus residence with a standard room and meal plan. Years 2–4 off-campus shared housing with three roommates, with rent and utilities split equally. Accommodation costs are projected to rise by 3.6% annually, based on the previous year’s average. Additional expenses for entertainment, transportation, and books are adjusted using a 2.5% annual inflation rate. Sources: University websites, university off-campus housing guides, CMHC rental reports (2024), and student forums, adjusted for 2025 trends.
Our Registered Education Savings Plan (RESP) is ideal for families who are looking for a disciplined approach to saving with a focus on principal protection. You decide how much you want to contribute, and we’ll take care of the rest!
CST Spark offers flexible, professionally managed RESP, TFSA, and Investment Accounts (Non-Registered). Get guidance from a dedicated Mutual Fund Representative—at no extra cost—to choose the right portfolio and save your way.
We're breaking down financial barriers for all Canadians to access higher education.
From the cradle to graduation—and beyond—our savings solutions are designed to fit your needs every step of the way.
Your money is in good hands, no matter the size of your savings. Our external portfolio managers are among the top money managers in Canada.1
Our dedicated team of professionals are committed to making your saving journey simple and easy.
1. Top 40 Money Managers, Benefits Canada, November 2025.
Some testimonials may have been requested or solicited. They reflect individual experiences and may not represent the views of others. CST does not provide payment or compensation for testimonials.
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