Appendix Z. Registered Education Savings Plan provider user guide – List of changes

On this page

• Alternate format
• List of acronyms
• Introduction
• Z.1. Changelog

Alternate format

A PDF version of the Registered Education Savings Plan provider user guide is available on the index page.

List of acronyms

BCTESG

British Columbia Training and Education Savings Grant

CESG

Canada Education Savings Grant

CLB

Canada Learning Bond

CRA

Canada Revenue Agency

EAP

Educational assistance payment

ESDC

Employment and Social Development Canada

PCG

Primary caregiver

RESP

Registered Education Savings Plan

Introduction

The changelog provides a trail of all approved changes made to this guide.

The information bulletins are a great reference for more information about updates and changes relating to:

• Registered Education Savings Plans (RESP), and
• education savings incentives administered by Employment and Social Development Canada (ESDC)

Z.1. Changelog

The list of changes is in chronological order from the oldest to the newest by date of entry into force. The list offers the subject, the effective date, a short description and the RESP user guide sections.

Z.1.1. RESP transfer form

Effective date: February 25, 2019.

Description: A new number for the RESP transfer form is assigned to all components. The updates include the numbering of the RESP transfer form (ESDC SDE 0100 Part A, Part B, Part C and Annex 1). The changes are affecting the following RESP user guide sections:

• 9.1.1. Responsibilities of the RESP promoters
• 9.2. RESP notional accounts – What they accomplish
• 9.5. Transfer form
• 9.5.1. Form overview
• 9.7. An overview of the transfer process
• D.1. Alphabetical list of forms

Z.1.2. Proportional repayment formula

Effective date: September 1, 2019.

Description: Promoters must use a proportional repayment formula:

• to repay the federal education savings incentives in cases where the fair market value is less than the total of the balance of the Canada Education Savings Grant (CESG) and the Canada Learning Bond (CLB)

The amount is determined by the formula (C × Y) / (Y + G) where:

• C is the fair market value of the property held in the RESP, determined immediately before the time of the occurrence
• Y is the total balance in the grant account and all the CLB accounts of the RESP immediately before the time of the occurrence, and
• G is the total balance in the RESP of the amounts that were paid into the RESP under a designated provincial program, in the RESP immediately before the time of the occurrence

You can find the formula in the Canada Education Savings Regulations subsection 11(4) (b). The changes are affecting the following RESP user guide sections:

• 3.5.13. Termination adjustments (400-22)
• 5.8.5.2. When insufficient funds exist in the RESP and the plan is terminated
• 6.5.5.2. When insufficient funds exist in the RESP and the plan is terminated
• 7.6.4.2. When insufficient funds exist in the RESP and the plan is terminated
• 8.8.5.2. When insufficient funds exist in the RESP and the plan is terminated
• 9.3.3. Ineligible transfers and repayments
• 9.3.6. When the receiving promoter does not offer the CLB
• 11.3.2.1. The promoter must repay the remaining incentives
• G.5.2. When there are insufficient funds to repay all incentives

Z.1.3. Educational assistance payment (EAP) calculations

Effective date: September 1, 2019.

Description: There are new formulas to calculate educational assistance payment (EAP) portions attributable to each notional account of incentives and the accumulated income. The changes are affecting the following RESP user guide section:

• 10.6.1. The EAP calculation process

Z.1.4. British Columbia Training and Education Savings Grant (BCTESG) transfer policy

Effective date: June 15, 2020.

Description: A new British Columbia Training and Education Savings Grant (BCTESG) transfer policy that provides flexibility to subscribers. It removes the requirement to transfer amounts of the BCTESG in the same proportion as other properties in the RESP. The changes are affecting the following RESP user guide sections:

• 9.3.7. When the receiving promoter does not offer the BCTESG
• 9.4.1. Partial transfers

Z.1.5. Educational institutions recognized for educational assistance payment (EAP)

Effective date: October 28, 2020.

Description: Updates and clarification on educational institutions recognized for EAP purposes. The changes are affecting the following RESP user guide sections:

• 10.2. Post-secondary educational institutions
• 10.2.1. Educational institutions recognized for EAP purposes
• 10.2.1.1. Certification of post-secondary educational institutions
• 10.2.1.2. Designated post-secondary educational institutions

Z.1.6. Annual EAP threshold limit – Table 3: Annual EAP threshold limit

Effective date: January 1, 2022.

Description: The Canada Revenue Agency (CRA) released the annual EAP threshold limit for 2022. The changes are affecting the following RESP user guide section:

• 10.3.4. Confirm beneficiaries qualify for an EAP

Z.1.7. Income brackets to determine the Additional CESG

Effective date: January 1, 2022.

Description: The CRA released the 2022 indexation adjustment for personal income tax and benefit amounts. Due to this indexation adjustment, income brackets for the Additional CESG eligibility have been established for 2022. The changes are affecting the following RESP user guide sections:

• 1.1.1. CESG at a glance
• 5.2.2. Additional CESG
• 5.3. Annual CESG limits and grant room
• 5.5.2. Calculating the Additional CESG
• B.1. Eligibility for Basic and Additional CESG

Z.1.8. CLB information for adult beneficiaries

Effective date: January 1, 2022.

Description: This update includes the CLB application process for adult beneficiaries between 18 and 20 years of age. The changes are affecting the following RESP user guide sections:

• 1.1.2. CLB at a glance
• 1.2.3. PCG, cohabiting spouse or common-law partner
• 2.4. Social Insurance Number (SIN)
• 3.5.6. Request for CLB payments (400-24)
• 3.5.6.1. Key fields for 400-24
• 3.5.6.5. Common problems for 400-24
• 4.2.3. Social Insurance Numbers (SINs)
• 6.1. The CLB – An overview
• 6.2.1. Information required to request the CLB
• 6.2.1.1. Individual PCG
• 6.2.1.2. Public PCG
• 6.2.3.1. CLB timeline
• 6.2.4. Designating an RESP for the CLB payments
• 6.2.6. Tracking CLB entitlements for an eligible beneficiary
• 6.3. Applying for the CLB
• 6.3.2. For beneficiaries between 18 and 21 years of age
• A.2. Application form ESDC SDE 0107
• A.2.2. Checklist for the form ESDC SDE 0107
• A.3.2.1. Beneficiary information
• A.3.3.20. How will an adult beneficiary’s eligibility for the CLB be determined if the PCG’s, their cohabiting spouse’s or their common-law partner’s personal information is not required on the new adult CLB application form ESDC SDE 0107
• D.1. Alphabetical list of forms
• F.21.1. Additional CESG
• F.25.2. CLB

Z.1.9. Annual EAP threshold limit – Table 3: Annual EAP threshold limit

Effective date: January 1, 2023.

Description: The CRA released the annual EAP threshold limit for 2023. The changes are affecting the following RESP user guide section:

• 10.3.4. Confirm beneficiaries qualify for an EAP

Z.1.10. Income brackets to determine the Additional CESG

Effective date: January 1, 2023.

Description: The CRA has released the 2023 Indexation adjustment for personal income tax and benefit amounts. Due to this indexation adjustment, income brackets for the Additional CESG eligibility have been established for calendar year 2023. The changes are affecting the following RESP user guide sections:

• 1.1.1. CESG at a glance
• 5.2.2. Additional CESG
• 5.3. Annual CESG limits and grant room
• 5.5.2. Calculating the Additional CESG
• B.1. Eligibility for Basic and Additional CESG