I entered my RESP educational assistance payment $9,00.00 in box 42 of the T4A slip. This amount includes my own contribution and a portion of CES Grant amount. As a result of this amount, I have a tax balance due $ 1,500.00. Not sure why my portion (majority) of the RESP that is my savings and not income, should be taxed. Wondering if there is any recourse and if I really to have to enter the amount in the T4A slip. Thank you.
