The 2023 federal budget proposed earlier access to more Education Assistance Payments (EAPs) from Registered Education Savings Plans (RESPs). Assuming the budget passes and becomes law, students in the first 13 weeks of a post-secondary program will be allowed to receive EAPs up to $8,000 (currently $5,000) if they’re full-time and up to $4,000 (currently $2,000) if they’re part-time.
You also might be interested in
Our Family Money Story is the “original software” behind the[...]
Divorce is never easy and your heart may be broken,[...]
Keeping secrets about money can ruin your relationship, experts say.[...]
- RESP withdrawal rules: How 2023 changes provide a planning opportunity
- December is the time to check your RESP withdrawal strategy to help cut any taxes
- Summer camps, cell phones and clothing – who pays for it?
- There’s a silver lining for “silver splitters”: Amicability
- 5 credit score myths to debunk