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To avoid a potential CESG/CLB payback, be sure to withdraw as much EAP as possible before withdrawing your original contributions.
To withdraw money from the RESP, the subscriber should contact their RESP promoter. Once the beneficiary has enrolled full‑time or part‑time in a qualifying post‑secondary educational program, the subscriber can request an EAP to withdraw money from the RESP to help pay for the beneficiarys studies.
For a proof of enrolment document to be valid, it must be issued from the institution and contain all of the below: Full name of student. School name (letterhead, school logo or website address) Academic term and year enrolled.
Any immediate withdrawals should be transferred into short-term investments, such as money market funds or guaranteed investment certificates (GICs), which dont fluctuate in value. For instance, when your child is in Grade 12, move the money youll need in year one into short-term investments.
The following can be use as confirmation of enrolment: Invoice or receipt of payment for tuition. Proof of enrolment letter from the Registrars Office. Acceptance letter that includes proof of payment for tuition deposit.

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Further, if you happen to leave Canada but the beneficiary remains a Canadian resident, the RESP account can remain open and continue to accumulate income tax-free.
To make an RESP withdrawal for educational purposes, the beneficiary must be enrolled in a qualifying institution and program. Youll need to submit confirmation of enrolment or an invoice as proof of enrolment to make a withdrawal for educational purposes.

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