RC4092 Registered Education Savings Plans (RESP)

Increase to educational assistance payments (EAP) limits

EAP limits have now increased from $5,000 to $8,000 in the first 13 weeks of enrollment in a qualifying educational program (full-time studies), and from $2,500 to $4,000 in any 13-week period while enrolled in a specified educational program (part-time studies) as of March 28, 2023. For more information, visit Registered education savings plan (RESP) Bulletin No.1R3.