EAP

July 29th, 2006, 12:06 PM

What is an EAP?
An EAP is a distribution from the RESP to finance the cost of the beneficiary's post-secondary education. The distribution is made from the RESP's accumulated income and government grants such as Canada Education Savings Grants (CESGs).


So, when they write accumulated icome, does this include the contribution you made or only what you gained??

Thanks, this is very important for me to know it

July 29th, 2006, 12:36 PM

It does not include the contribution made.

On a side note you will have issues with this profile name as it is considered advertising.