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April 28, 2023
Question

Do I claim interest earned on an RESP?

  • April 28, 2023
  • 1 reply
  • 0 views
I pay into an RESP for my son. Do I have to report the interest earned yearly?

    1 reply

    TurboTaxSusan
    April 30, 2023

    No, the interest accumulated in an RESP is not taxable to you. Your son will be taxed  when he withdraws the money.