Can the CRA seize a RESP?
October 29th, 2015 by Questions
We have an RESP, issued in joint names of my spouse and me, with three children as named beneficiaries. The CRA has issued a requirement to pay in my name only. My FI will not permit any payments from the RESP – we were seeking an EAP for one of the named beneficiaries school this fall…. I’ve talked with the FI and CRA and neither can confirm this is proper. Thanks,