Discover how Accumulated Income Payments (AIPs) from a Canadian RESP work, including withdrawal rules and tax penalties, if the beneficiary skips college.
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How to withdraw RESP funds
For years, you’ve saved up for your child’s college or university education with a registered education savings plan (RESP). Now, your kid is getting ready to start classes. As the RESP’s subscriber ...
You’ve spent years saving diligently for your daughter’s education, only to learn she’s decided not to go away to unviersity after all. If you have thousands stashed in a Registered Education Savings ...
For Susan and Mark, who are approaching retirement, preserving retirement income is likely the top priority. If they have ...
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