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Section 7: Special or Extraordinary Expenses

Section 7: Special or Extraordinary Expenses

Treatment of RESPs During Separation

What is an RESP? A Registered Education Savings Plan (RESP) is a tax deferral plan that is intended to help save for a student’s post-secondary education. The contributions made to an RESP are not tax-deductible. It is only once the money is withdrawn that the student pays the taxes, but Read more…

By heleys, 6 months6 months ago
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