COVID-19: Information regarding our operations
Not at all! Many students take a year off to travel or work before they start post-secondary education, so it’s good to know that educational assistance payments (EAPs) remain available for 35 years after the RESP was opened.
However, to ensure the grant money received for your child is not returned to the government, we recommend you keep your savings in your RESP until your beneficiary can provide proof of enrolment in an eligible post-secondary program.
To learn more about RESP withdrawals, watch our animated video below: