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New Member
posted Apr 28, 2023 5:33:32 AM

Do I claim interest earned on an RESP?

I pay into an RESP for my son. Do I have to report the interest earned yearly?

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1 Replies
Moderator
Apr 30, 2023 10:05:10 AM

No, the interest accumulated in an RESP is not taxable to you. Your son will be taxed  when he withdraws the money.