Understanding RESP Withdrawals

Registered Education Savings Plan (RESP) is a tool to help students fund their post-secondary education in Canada. However, making a valid RESP withdrawal involves meeting certain eligibility criteria. Here’s a breakdown of the requirements to ensure your RESP withdrawal is approved and used effectively.

1. Enrolment in an Eligible Institution

To qualify for an RESP withdrawal, the student must be enrolled in a recognized post-secondary institution. These include:

• Accredited universities and colleges
• Trade schools and vocational institutions
• Certified training programs that qualify under the Income Tax Act

These institutions must be recognized by the federal government to be eligible for RESP funding.

• Qualifying Enrollment Status

The student must be enrolled in either:

• A full-time post-secondary program, or
• A part-time program that meets the required criteria

Both enrollment types are eligible, though the allowable withdrawal limits may vary depending on full-time or part-time status.

• Eligible Educational Expenses

RESP funds can be used to cover a wide range of education-related expenses. These include:

• Tuition and mandatory fees
• Textbooks and course materials
• A study-related laptop or computer
• Living expenses such as rent, groceries, and transportation

It’s important to note that while the funds are flexible, they must be used in support of the student’s education.

• Valid Proof of Enrolment

To complete a withdrawal, proper documentation must be provided. This proof of enrolment must:

• Clearly display the student’s full name
• Include the name of the institution, presented on official letterhead or bearing the institution’s logo
• Specify the academic program the student is enrolled in
• Indicate whether the student is attending full-time or part-time
• State the applicable academic term (e.g., Fall 2025, Winter 2026)

Without valid documentation, RESP withdrawals cannot be processed.

Written By: Feda Shureih