Exercise #7: Educational assistance payment

Duration: 5 minutes (4 questions)

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

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After completing the exercise, click on ''View results'' to see your feedback.

Below are the reference links mentioned in the feedback:

Question 1:

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

Question 4:

• CRA - Income Tax Act (146.1(1)) - Extension for making educational assistance payments. (2.21).