Search found 2 matches
- Sun Mar 12, 2006 2:48 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian EAP taxable?
- Replies: 2
- Views: 3812
RESP by any other name
OK well, apparently my son is the beneficiary of an RESP that is taxable. So as a foreign trust, a 3520 and 3520-A has to be submitted by March 15...wonderful! He just recently received the NR4 statement. So my next questions/conclusions would be since he is the US beneficiary: 1 - He can claim a fo...
- Thu Mar 09, 2006 9:53 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian EAP taxable?
- Replies: 2
- Views: 3812
Canadian EAP taxable?
Greetings.
My son is working towards a degree at a US University in TX and has received a distribution from a Canadian education assistance plan my sister started when he was younger. Would the EAP payment be non-taxable? A 15% witholding has already been applied.
Thanks
My son is working towards a degree at a US University in TX and has received a distribution from a Canadian education assistance plan my sister started when he was younger. Would the EAP payment be non-taxable? A 15% witholding has already been applied.
Thanks