Level 5

Seniors and students

Thanks for asking. No, the Interest earned on the fund is not a capital gain, it is deemed as a separate income from investments. The beneficiary (your daughter) should have received a T4A slip from the source for the Investment or as other income. 


Educational Assistance Payments from a Registered Education Savings Plan (RESP) are shown in Box 042 and reported on Line 13000 – Other Income of your tax return.

Also, please read the TurboTax blog on T4A slips.


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