Exercise #7: Educational assistance payment

Duration: 6 to 10 minutes (4 questions)

To complete this exercice, refer to the InfoCapsule 13, chapter 10 of the RESP provider user guide: Post-secondary education and education assistance payment, the RESP Bulletin No.1R3, the Canada Education Savings Regulations, or the section 146.1 of the Income Tax Act.

References:

Question 1:

• CRA - Income Tax Act (146.1(1)) paragraphes (1)(2)(g.1)

Question 2:

• ESDC - Canada Education Savings Regulations, paragraph 10(2.2)

Question 3:

• CRA - Income Tax Act (146.1(1))
• ESDC - InfoCapsule 13
• ESDC - Chapter 10 of the RESP provider user guide: Post secondary education and education assistance payment, section 10.3.2. Income for the beneficiary

Question 4:

• ESDC - Canada Education Savings Act, paragraph 6(4)
• CRA - Income Tax Act (146.1(1)) - Extension for making educational assistance payments. (2.21).

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