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New Member
posted Apr 29, 2023 3:41:02 PM

Do i report resp if my parents withdrew and kept the money?

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1 Replies
Level 1
May 1, 2023 11:33:30 AM

RESP withdrawal will have a T4A slip. If the withdrawal is for your going to school, the slip will be under your name and you need to report it in your tax.  if the withdrawal is  early withdrawal or other reason, the slip might be issued under your parents name , then they need to report in their return