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    bsellwood
    New Member

    Are RESP's taxable income when they are withdrawn?

     
    posted
    ‎October 31, 2019 1:57 AM
    last updated ‎October 31, 2019 1:57 AM
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    TurboTaxKim
    Level 15

    Are RESP's taxable income when they are withdrawn?

    Certain portions of RESP's are taxable as income to the recipient. A T4A will be issued showing the amounts that are taxable and must be included in income.

    Here's the CRA information on RESP payments: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/registered-education-savings...

    ‎October 31, 2019 1:57 AM
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