RESP illustrations are valuable tools used by financial advisors and institutions to help individuals understand how a Registered Education Savings Plan (RESP) can grow over time. These illustrations typically present different contribution scenarios, investment returns, and potential government grant amounts, projecting how the RESP's value could accumulate over the years. By using various assumptions and calculations, these illustrations demonstrate the power of compounding and the benefits of starting early to save for a child's education. However, it's important to remember that RESP illustrations are based on assumptions, and actual investment returns can vary. It's always wise to review the fine print and consult with a financial professional to make informed decisions based on your unique financial goals and circumstances.