Canada Education Savings Program Terms and Definitions (English, TXT)

Canada Education Savings Program Terms and Definitions: English TXT file (3.7 KB). From Employment and Social Development Canada, updated Aug 2023. View metadata, licence and the direct download on CanQuery.

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Publisher-reported update

2023-08-24

Educational Assistance Payments (EAPs) are amounts paid from a Registered Education Savings Plan (RESP) to an eligible youth to assist with post-secondary education expenses. EAPs consist of the Canada Education Savings Grant, the Canada Learning Bond, provincial education savings incentives, and income earned on the money saved in the RESP. Payments to a beneficiary are made according to the specific terms of the RESP. Post-Secondary Education (PSE) withdrawals are drawn from the contributions made to the youth’s RESP, and exclude education savings incentive amounts and income earned (i.e., EAPs). The sum of EAPs and PSE withdrawals represents the amount of money available for the beneficiary’s PSE expenses. This dataset presents the following information by Forward Sortation Area (FSA) for 2022, 2023, 2024 and 2025 which were obtained from the Canada Education Savings Program (CESP) administrative data: EAP amounts for CESP beneficiaries 15 years of age or older; PSE withdrawal amounts for CESP beneficiaries 15 years of age or older; Number of CESP beneficiaries 15 years of age or older who received some EAP and; Number of CESP beneficiaries 15 years of age or older whose…

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