Fillable FORM A: General Information - Subscriber: REGISTERED EDUCATION (iA Clarington)

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FORM A: General Information - Subscriber: REGISTERED EDUCATION (iA Clarington)

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To be completed by the Subscriber
FOR ADMINISTRATIVE USE ONLY
DISPONIBLE EN FRANÇAIS
Please Forward to Receiving RESP Promoter Administration
HRSDC SDE 0088 (12-12) E
Page 1 of 2
REGISTERED EDUCATION SAVINGS PLAN (RESP) TRANSFER FORM
FORM A: General Information - Subscriber
Complete this form to request and record a transfer between RESPs. Please read the guidelines carefully before completing this form.
Area I - Subscriber Information
Family Name Name
or Name of Agency Name of Agency Representative
Address City Province / Territory
Telephone Number Relationship to beneficiary of receiving plan Postal Code
Joint Subscriber Family Name (if applicable) Joint Subscriber Name
Area II - Beneficiary Information
Receiving RESP
There are multiple beneficiaries in the receiving RESP, additional beneficiary information will be provided by
the Receiving Promoter in Form B.
Male
Female
Sex:
Family Name
Name
Social Insurance Number
Date of Birth (YYYY-MM-DD)
The beneficiary named above is common to both RESPs, or
The beneficiary named above is the brother or sister of a beneficiary named under the relinquishing RESP, and the receiving RESP is:
a family RESP; or
an individual RESP that was entered into before the beneficiary was 21 years old.
Neither of the above. (If you tick this box, the CESG, CLB and Alberta Grants may have to be repaid and you may be in an overcontribution
situation for tax purposes.)
Relinquishing RESP
Beneficiary is named under the receiving plan above, OR enter information below. Male
Female
Sex:
Family Name
Name
Social Insurance Number
Date of Birth (YYYY-MM-DD)
There are multiple beneficiaries in the relinquishing RESP, additional beneficiary information will be provided by the Relinquishing Promoter in
FORM C.
Area III - Subscriber Authorization and Instructions to Transfer
Please transfer the $ amount of: OR the balance of my account in cash in kindOR
For partial transfers only,
please specify the CLB $
amount to be transferred:
(CLB amount only).
Redemption Instructions for partial transfers (optional)
Investment Code / Name Amount
From RESP Contract Number
To RESP Contract Number
Relinquishing Promoter
Address
Receiving Promoter
Address
Dealer / Advisor Code (optional)
Print Form
To be completed by the Subscriber
FOR ADMINISTRATIVE USE ONLY
DISPONIBLE EN FRANÇAIS
Please Forward to Receiving RESP Promoter Administration
HRSDC SDE 0088 (12-12) E
Page 2 of 2
• Authority to collect and use your information is provided under the Canada Education Savings Act, the Department of Human Resources and
Skills Development Act and the Income Tax Act.
• The information you have provided will be shared between trustees, promoters and their agents for transfer purposes.
• This information may also be shared with Human Resources and Skills Development Canada to administer the Canada Education Savings
Program, and may be used for program policy analysis, research, or evaluation purposes.
• The information may also be shared with the Canada Revenue Agency to administer RESPs under the Income Tax Act.
• Once under the care and control of HRSDC, your information is administered in accordance with the Privacy Act, the Canada Education
Savings Act and the Department of Human Resources and Skills Development Act.
• The Privacy Act gives you the right to access your personal information. Instructions for making formal requests are outlined in the
publication Info Source, copies of which are located at all Human Resources Centres or at the following internet address:
http://infosource.gc.ca.
• Your personal information will be retained in Personal Information Bank “HRSDC PPU 506”.
Area IV - Certification
I certify that the information given on this form is correct.
Subscriber's Signature Date (YYYY-MM-DD)
Joint Subscriber's Signature (if applicable) Date (YYYY-MM-DD)
Print Form
DISPONIBLE EN FRANÇAIS
HRSDC SDE 0088 (12-12) E
Page 1 of 3
General Guidelines and FORM A: Guidelines
REGISTERED EDUCATION SAVINGS PLAN (RESP) TRANSFER FORM
General Guidelines and FORM A: Guidelines
General Guidelines
Authority to Collect and Use Information
The authority to collect and use your information is provided under the Canada Education Savings Act,
the Department of Human Resources and Skills Development Act and the Income Tax Act.
How to Complete this Form
The subscriber of the relinquishing RESP will complete Form A. The form will then be sent to the
receiving promoter. The receiving promoter will complete Form B, and will then send a copy of Form A
along with Form B to the relinquishing promoter. The relinquishing promoter will complete Form C and
send it to the receiving promoter along with the funds and copies of completed Forms A & B.
Additional Information For more information about this transfer form, please contact the Canada Registered Education Savings
Program by phone at 1-888-276-3624 or by email at cesp-pcee@hrsdc-rhdcc.gc.ca.
Terminology
• The term "Relinquishing RESP" has the same meaning as "transferring RESP" as in the
Canada Education Savings Regulations.
• Basic CESG and Additional CESG mean Canada Education Savings Grant (CESG) paid or
payable under subsections 5(2) and 5(4) respectively of the Canada Education Savings Act.
• The terms brother, sister, CLB, transferring and receiving RESP have the same meaning as
in the Canada Education Savings Regulations.
• Alberta Grants refers to grant paid or payable pursuant to the Canada Alberta Agreement,
entered into under section 12 of the Canada Education Savings Act. See definition Alberta
Grants below.
• In cash or in kind means any amount or property transferred from an RESP to another RESP.
Definitions
Additional Canada Education Savings Grant (Additional CESG) - An Additional Canada Education
Savings Grant (CESG) payment of either 10% or 20% on the first $500 or less of annual RESP
contributions made on or after January 1, 2005. It is paid into an RESP on behalf of an eligible
beneficiary. The Additional CESG is paid over and above the Basic CESG and is based on the net
family income of the beneficiary's primary caregiver. See Adjusted Net Family Income.
Adjusted Family Net Income - The Canada Revenue Agency (CRA) calculates the Adjusted Family
Net Income from the Family Net Income and a number of other factors. CRA uses the Adjusted Family
Net Income to calculate Canada Child Tax Benefit (CCTB) and National Child Benefit Supplement
(NCBS) amounts. The Canada Education Savings Program (CESP) also uses the Adjusted Family Net
Income of a child's Primary Caregiver (PCG) to determine the child's eligibility for Additional CESG. For
additional information, contact CRA at 1-800-959-8281.
Alberta Centennial Education Savings Plan Grants (Alberta Grants) - A provincial grant introduced
by the Government of Alberta in 2005 for eligible children with a parent or legal guardian who is a
resident of Alberta. It is paid into an RESP on behalf of an eligible beneficiary and consists of the
Alberta Centennial Savings Plan $500 grant and the Alberta Centennial Education Savings Plan $100
grant.
Assisted Contributions - Contributions made to an RESP that have attracted CESG payment.
Basic Canada Education Savings Grant (Basic CESG) - Basic CESG rate of 20% on contributions
made to an RESP in respect of an eligible beneficiary. The amount of annual Basic CESG payable per
beneficiary is limited to the lesser of accumulated grant room available for the beneficiary or the Basic
CESG annual limit per beneficiary. CESG is paid into the RESP on behalf of an eligible beneficiary up
until the end of the calendar year in which the beneficiary turns 17.
Beneficiary is common to both RESPs - Beneficiary is named as a beneficiary under both the
receiving RESP and relinquishing RESP.
Brother or Sister - A brother or sister in relation to a beneficiary, includes a son/daughter of the
common-law partner or spouse of a parent of the beneficiary.
Canada Learning Bond (CLB) - An education savings bond introduced by the Government of Canada
in 2004 to provide an education savings incentive for children in modest-income families, and for
children in care, who are born on or after January 1, 2004. The Canada Education Savings Program
(CESP) of Human Resources and Skills Development Canada (HRSDC) will track the CLB for eligible
children and hold these entitlements “in trust” as they accumulate until an RESP is designated to receive
the CLB on their behalf. The CLB consists of the initial and subsequent CLB payments.
Print Form
DISPONIBLE EN FRANÇAIS
HRSDC SDE 0088 (12-12) E
Page 2 of 3
General Guidelines and FORM A: Guidelines
Canada Revenue Agency (CRA) - The federal government department responsible for the
administration of the rules and regulations related to RESPs as set out under the Income Tax Act (ITA).
CRA also shares information with the Canada Education Savings Program (CESP), Human Resources
and Skills Development Canada (HRSDC), for the purposes of confirming a beneficiary's eligibility for
the Additional Canada Education Savings Grant (CESG) and the Canada Learning Bond (CLB); or
confirming if a beneficiary is a child in the care of an agency receiving payments under the Children's
Special Allowances Act.
Contract Number - The number assigned to the RESP contract by the promoter. Do not record any
temporary numbers.
Date the Receiving Plan “was entered into” - Earliest date in which the contract was entered into
(the date the contract was opened or in the case of a prior transfer, the earlier of the two dates).
Family Registered Education Savings Plan (RESP) - RESP that can have one or more beneficiaries.
Each beneficiary must be connected by blood or adoption to each living subscriber under the plan, or
have been connected to a deceased original subscriber. An individual can become a beneficiary of a
family RESP only if that individual has not yet turned 21 or if the individual was, just before joining the
family RESP, a beneficiary under another family RESP. Contributions to family RESPs can only be
made until a beneficiary turns 31.
Receiving Promoter - The person or organization holding the RESP to which the property is
transferred.
Relinquishing Promoter - (Also known as sending or transferring promoter.) The person or
organization holding the RESP from which the property is transferred.
Unassisted Contributions - Contributions made into the RESP for which CESG has not been paid.
FORM A - Guidelines
Area I - Subscriber Information The subscriber and joint subscriber (if applicable) of the relinquishing RESP are to fill in this section.
The relationship of the subscriber to the beneficiary named under the receiving RESP is required to
verify transfer eligibility.
Area II - Beneficiary Information RECEIVING RESP
• Enter the name, Social Insurance Number, date of birth and sex of a beneficiary in the
Receiving RESP section. The subscriber(s) must check or mark one of the three following
boxes on Form A:
1. The beneficiary named above is common to both relinquishing and receiving
RESPs.
2. A beneficiary named to the receiving RESP is the brother or sister of a beneficiary
named under the relinquishing RESP, and
• was a beneficiary named under a family plan; or
• was under 21 years of age at the time the receiving RESP was entered
into.
3. Neither of the above.
• Where neither of the first two boxes is marked or checked, please be aware that the transfer
is considered ineligible and the balance of CESG, Alberta Grants and CLB must be repaid
and the subscriber(s) may be liable for a penalty tax assessed by the Canada Revenue
Agency where the transfer results in an over contribution situation.
• Please be aware that the Department of Human Resources and Skills Development will not
be liable for any direct, indirect, or consequential loss or damage arising from ineligible
transfers.
RELINQUISHING (SENDING/TRANSFERRING) RESP
• If the beneficiary remains the same, mark or check the box in the Relinquishing RESP area,
indicating that the beneficiary is named under the receiving RESP.
• If none of the beneficiaries under the relinquishing RESP are named under the receiving
RESP, please provide the family name, given name, Social Insurance Number, and sex of a
beneficiary of the relinquishing RESP in the area provided.
• If there are multiple beneficiaries affected by this transfer, the receiving promoter must
provide the information on Form B and the relinquishing promoter must provide the
information on Form C.
Print Form
DISPONIBLE EN FRANÇAIS
HRSDC SDE 0088 (12-12) E
Page 3 of 3
General Guidelines and FORM A: Guidelines
Area III - Subscriber Authorization and
Instructions to Transfer
• The subscriber(s) may authorize the full or partial transfer of the RESP property from the
relinquishing RESP.
• The amounts transferred may be in cash or in kind.
• For partial transfers only, the CLB dollar amount being transferred must be provided. The
investment code/name and dollar amount for each property being transferred is optional.
• The transfer of an amount in a CLB account of an RESP to the CLB account of another
RESP is an eligible transfer only if:
• the transfer complies with subsection 146.1(2) of the Income Tax Act; and
• both CLB accounts are in respect of the same beneficiary; and
• at the time of the transfer, the receiving RESP and relinquishing RESP have the
same beneficiary and, where the receiving RESP has more than one beneficiary,
every beneficiary is a brother or a sister of every other beneficiary.
Area IV - Certification Subscriber and joint subscriber (if applicable), must complete and sign this area.
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FORM A: General Information - Subscriber: REGISTERED EDUCATION (iA Clarington)

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Completed 26 December 2020

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