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educational assistance payment

1 Loophole 🇨🇦 Canada

Loopholes Tagged "educational assistance payment"

Plain-English guides to Canadian legal rights and workarounds related to educational assistance payment.

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RESP Educational Assistance Payment Taxation — Have the Student Pull the Taxable Portion

When RESP money is withdrawn as an Educational Assistance Payment, the taxable income usually lands on the student rather than the parent, which often means little or no tax.

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