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
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