Registered Education Savings Plan Search:

RESP taxation

How is an Registered Education Savings Plan (RESP) taxed?

About RESP taxation:
There is no tax deduction when a RESP contribution is made. However, the money in the RESP grows tax-free. The money that was contributed to the RESP is returned tax-free. The money that was earned by the investment is taxed when it is withdrawn to pay for the child’s education.
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RESP CANADA

Registered Education Savings Plans in Canada

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A-CESG Canada Education Savings Grant CESG Designated Educational Institutions Educational Institution Code Family Income Lifetime RESP contribution limit Opening an RESP Qualifying Educational Programs RESP contributions RESP taxation RSRSP Setting up a RESP sibling's RESP subscriber Using a RESP

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