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枫下家园 / 钱财税务 / RESP withdrawal QuestionI noted that there is a limit for EAPs withdrawal as below:
> $5,000 limit for the first 13 weeks for full time studies
> $2,500 limit for the first 13 weeks for part-time studies.
- Does it only apply to the first 13 weeks of the first year? Are there any limit for rest terms of study years?
- Is the $5,000 EAPs limit from the sum of all different RESP accounts or from each one if there are more one RESP account?
- Is there any limit for PSE withdrawal?
-lhq2000(阿伟);
2019-7-3
{466}
(#12184046@0)
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only first 13 weeks， no limit after that。
-mocarly(80);
2019-7-3
(#12184470@0)
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Does it only apply to the first 13 weeks of the first year? Are there any limit for rest terms of study years?Only apply to the first year
- Is the $5,000 EAPs limit from the sum of all different RESP accounts or from each one if there are more one RESP account?
$5000 EAPs limit from the sum of all RESP accounts
- Is there any limit for PSE withdrawal?
NO.
-jonathanlee2000(七剑);
2019-7-6
{250}
(#12191729@0)
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$5000 limit on EAP is for EACH RESP account. I called Canada Education Savings Program at 1-888-276-3624.
-lhq2000(阿伟);
2019-7-8
(#12193333@0)
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good to know. Thanks.
-jonathanlee2000(七剑);
2019-7-8
(#12194038@0)
+1