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What is an Educational Assistance Payment (EAP)?

EAP educational payment
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What is an Educational Assistance Payment (EAP)?

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An EAP is any amount paid or payable under an RESP to or for an individual, called the Beneficiary, to assist with the individual’s education at the post-secondary school level. These amounts do not include refunds of contributions made by Subscriber(s) of the plan.

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