Exercise #6 Contribution withdrawals and repayments

Duration: 4 minutes (3 questions)

To complete this exercise, please refer to the User Guide for RESP providers: Chapter 3, User Guide for RESP providers: Appendix E–Understanding error codes, the Interface Transaction Standards (ITS) - (Record types 400 and 800) and the Canada Education Savings Regulations (CESR).

Click new one to open the exercise in a larger format in a new tab.

After completing the exercise, click on “View results” to review feedback.

Below are the reference links mentioned in the feedback:

Questions 1 and 2.

• User Guide for RESP providers: Chapter 3, section 3.5.11.3. Repayment reasons
• Interface Transaction Standards (ITS), section 4.4 Record type 400 - Financial transaction - Transaction type 21–CESG, CLB and BCTESG repayments
• Interface Transaction Standards (ITS), section 7.6 Record type 400 - Financial transaction - Repayment reason field
• User Guide for RESP providers: Appendix G. Understanding repayments, section G.3. Repayment reason guidelines

Question 3.

• Canada Education Savings Regulations (CESR), section Repayments 11 (1)
• User Guide for RESP providers: Appendix G. Understanding repayments, section G.3. Repayment reason guidelines
• Interface Transaction Standards (ITS), sections 4.4 Record type 400 - Financial transaction, 7. Record Type 400