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Rank: Frosh
Joined: 5/1/2012
Posts: 3
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i'm applying for osap. i have 8, 000 in RESP's.
the application ask 'resp you intend to use for your study period of sept 2012'
the fall 2012-2013 year cost roughly around 3,500. my parents want to give me the full 8,000 when i start school. so do i claim the full 8,000 or just what i need for the year.
confused as to how to answer this question. thanks in advance!
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Rank: Student Body Vice-President
Joined: 5/3/2011
Posts: 723
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jbrownn wrote:i'm applying for osap. i have 8, 000 in RESP's.
the application ask 'resp you intend to use for your study period of sept 2012'
the fall 2012-2013 year cost roughly around 3,500. my parents want to give me the full 8,000 when i start school. so do i claim the full 8,000 or just what i need for the year.
confused as to how to answer this question. thanks in advance! you don't have to take the full amount just the $3500.
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Rank: Frosh  Joined: 7/1/2011 Posts: 5
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You claim what you take out of your RESP for the year. So if you take out the $3500, and leave the rest, you only claim the $3500. If you parents have you take out the $8000 even if you do not use all of it this year, you have to claim the $8000. University of Guelph
BSc. Marine and Freshwater Biology 2012
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