Use this form for Educational Assistance Payments (EAP) or Post Secondary Educational Capital Withdrawals (PSE)
Plan Type
❑ Individual plan ❑ Family plan
/
Representative name Dealer name Dealer/Rep number
Subscriber name Joint subscriber name Date (DD/MM/YYYY)
Beneficiary name Beneficiary S.I.N. (MANDATORY) RESP contract number
Post Secondary Education Type (Mandatory)
Type of educational institution: ❑ University ❑ Private trade or vocational or career college
❑ Community college or CEGEP ❑ Other
Educational institution name
Address City Province Postal code
Program enrolled in: Academic year start date (DD/MM/YY): Program length (years):
Academic year length (weeks):
Current year enrolled (1
st
, 2
nd
, etc.): ❑ Full-time ❑ Part-time
Source of Funds
Fund number Fund name Amount % Amount $
Total:
Type of Redemption
When making a withdrawal from an RESP, the total equity of the plan is divided into three categories:
Capital. The total amount of all contributions made to the plan, since its inception. Capital, when withdrawn, is neither taxable to the Subscriber nor
to the Beneficiary, in all types of withdrawals.
Grant. Government grants received by the RESP are tracked separately between Canada Education Savings Grant (CESG) and Canada Learning Bond
(CLB), and provincial grants if applicable. Government grants must be withdrawn directly to the beneficiary or may be otherwise refunded
to the appropriate government authority.
Income. After accounting for capital and government grants, any remaining amount in an RESP is considered income. Income is taxable to the beneficiary
for the year in which it is withdrawn as an Educational Assistance Payment (EAP).
❑ Educational assistance payment (EAP)
An EAP is a payment from the RESP to an eligible beneficiary to help finance the costs associated with post-secondary education. This is a taxable
withdrawal. It is composed of income and grant money only.
The beneficiary will receive a T4A slip (and a Relevé 1 slip for Quebec Residents) for income tax purposes.
The beneficiary must be a Canadian resident and enrolled in full-time or part-time studies at a post secondary institution.
Proof of enrolment from a post-secondary educational institution must accompany this request.
These types of withdrawals are limited to (i) a maximum of $5,000 in the 12-month period ending on the payment date until the beneficiary completes
13 consecutive weeks in a qualifying educational program (RESP’s opened after 1998) or (ii) a maximum of $2,500 in the 13-week period ending on the
payment date if the beneficiary is at least 16 and is enrolled in a specified educational program.
Registered Education Savings Plan (RESP) – Request For Withdrawal
