RESP help. (I used the search option already)

demonic213
Posted: 7:07AM July 20, 2011 UTC
So. I have RESP and OSAP. I kind of understand releasing the OSAP aid, but not the RESP that my parents saved up for me since I was a kid.
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11 Responses
Anonymous
Posted: 7:07AM July 20, 2011 UTC
Thank you for using the search function first.

What don't you understand?  How to claim your RESP?
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demonic213
Thread Creator
Posted: 7:07AM July 20, 2011 UTC
Thread Creator
That is exactly it XD. How/the process to claim my RESP.
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ktel
Posted: 7:07AM July 20, 2011 UTC
Ask the financial institution that holds your RESP...
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Anonymous
Posted: 7:07AM July 20, 2011 UTC
You claim the RESP on your OSAP form and then you withdraw it from your bank...
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aptnotatt
Posted: 7:08AM August 01, 2011 UTC
How exactly do you claim it on your OSAP form? 
I have sent forms over to my university and saying that it should be deposited into my bank account. 
So what is this in relation to OSAP?
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Anonymous
Posted: 7:08AM August 01, 2011 UTC
@aptnotatt wrote
How exactly do you claim it on your OSAP form? 
I have sent forms over to my university and saying that it should be deposited into my bank account. 
So what is this in relation to OSAP?


There was a space on your application that said you will pay your tuition $x by working, $x from an RESP, etc.
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aptnotatt
Posted: 7:08AM August 02, 2011 UTC
Oh okay but I would like to assume that alters the amount of OSAP you receive. When do you claim the money of RESP? Would that be together with OSAP? I know it's third party so RESP would have their own system..
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aptnotatt
Posted: 7:08AM August 02, 2011 UTC
Oh okay but I would like to assume that alters the amount of OSAP you receive. When do you claim the money of RESP? Would that be together with OSAP? I know it's third party so RESP would have their own system..
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Anonymous
Posted: 7:08AM August 02, 2011 UTC
@aptnotatt wrote
Oh okay but I would like to assume that alters the amount of OSAP you receive.



Yes.

<br>When do you claim the money of RESP? Would that be together with OSAP? I know it's third party so RESP would have their own system..<br><br>
Claim the RESP to OSAP?  You should have done that back in June when you applied for OSAP.  If not then write to them ASAP and tell them.
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aquarius
Posted: 7:08AM August 06, 2011 UTC
Do u have to use the RESP in the first year or can it be used in any other year ?

my 2nd question : when I used the OSAP aid calculator ,it asked me if I have RESP (answered yes ) but doesn't ask how much ; so I'm wondering if the estimation is correct ?
I used both scenarios yes and no to RESP and gave me the same aid estimate.
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Anonymous
Posted: 7:08AM August 06, 2011 UTC
@aquarius wrote
Do u have to use the RESP in the first year or can it be used in any other year ?

my 2nd question : when I used the OSAP aid calculator ,it asked me if I have RESP (answered yes ) but doesn't ask how much ; so I'm wondering if the estimation is correct ?
I used both scenarios yes and no to RESP and gave me the same aid estimate.


You can use the RESP at any time.  When you do use it, you have to claim how much it is.
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