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What happens if there is money remaining in an RESP after the beneficiary completes his/her education or the holding period reaches 25 years?

April 26, 2017Beneficiary completes Education happens holding money period remaining RESP

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What happens if there is money remaining in an RESP after the beneficiary completes his/her education or the holding period reaches 25 years?

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If the RESP has completed its 25th year, it must be terminated. The same options and rules apply as when a beneficiary does not attend a post-secondary institution.