RESP Provider User Guide Update

Disclaimer: RESP promoters

The information contained on this page is technical in nature and is intended for Registered Education Savings Plan (RESP) and Canada Education Savings Program promoters. For general information, visit the RESP section.

Official title: Provider User Guide Update

Information Bulletin

Number:
PCEE/CESP-2011/12-005-450
Date:
August 22, 2011
Subject:
RESP Provider User Guide Update

Purpose

The purpose of this Information Bulletin is to inform RESP Providers about recent updates to the RESP Provider User Guide.

Navigational Improvements to the RESP Provider User Guide

Updated Guide

In order to make the RESP Provider User Guide more accessible and easier to navigate, the CESP has improved the HTML version of this guide. You can access this guide online.

2010 Federal Budget – Benefits Entitlement and Shared Custody

Previous Information Bulletin

This Information Bulletin updates the Information Bulletin PCEE/CESP-2011/12-001-432 dated April 5, 2011.

Overview

With the introduction of the shared custody provision announced in the 2010 Federal Budget, a beneficiary under 18 years of age could have two primary caregivers (PCGs) in the same month in a given year.

To accommodate this change, the CESP will validate Additional CESG eligibility using the PCG identified on contribution transactions reported to the CESP system by the promoter.

This change applies to transactions requesting Additional CESG that are processed by the CESP on or after July 1, 2011.

Online Links

The RESP Provider User Guide now incorporates shared custody information. You can access the updated versions of Chapters 2-2 and 2-3 online using the links below:

Chapter 2-2 (The Basic and Additional CESG)
Chapter 2-3 (The Canada Learning Bond)

Process Update - Resolving Transfers

Previous Information Bulletin

This Information Bulletin updates the Information Bulletin PCEE/CESP-2010/11-002-398 dated July 22, 2010.

Overview

The CESP introduced changes to reduce the administrative burden associated with RESP transfers by amending paragraph 3.7(b) of the Promoter Agreement and paragraph 4.4(b) of the Trustee Agreement which removed the requirement to match transfer transactions. These agreements were amended in 2010.

Online Links

The RESP Provider User Guide now incorporates these changes. You can access the updated version of Chapter 3-1 online using the links below:

Chapter 3-1 (RESP Transfers and the Education Savings Incentives)

Understanding Error Codes – Appendix E

Online Links

In order to assist promoters in resolving errors in RESP transactions, appendix E (Understanding Error Codes) of the RESP Provider User Guide has been revised. You can access this appendix online using the link below:

Appendix E (Understanding Error Codes)

Other Updates to Promoter Tools

Alberta Grants Quick Facts

The Quick Facts document for the Alberta Centennial Education Savings Plan Grants (Alberta Grants) has been updated.

Ongoing

As revisions to promoter tools are implemented on an ongoing basis, please consult the Promoter tools section for the most recent versions.

Contact Us

Questions on this Information Bulletin should be directed to the Canada Education Savings Program by e-mail at cesp-pcee@hrsdc-rhdcc.gc.ca or by calling 1-888-276-3632.

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