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Can a beneficiary delay entry into a post-secondary school for several years?

April 26, 2017Beneficiary delay Post-secondary School

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Can a beneficiary delay entry into a post-secondary school for several years?

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Yes, but not indefinitely. The maximum life of an RESP is 35 years after the year it was opened and must be terminated before the end of 35th year following the year the Registered Education Savings Plan was opened.