Firm Bulletins

Firm Bulletin: Helping RESP consumers avoid withdrawal mistakes

As students head to college or university, financial services firms can expect visits from parents and students planning to make Registered Education Savings Plan (RESP) withdrawals, but this process is not straightforward and can have consequences that many consumers do not expect. In recent years, we have seen many cases where costly RESP withdrawal mistakes could have been avoided. The purpose of this bulletin is to alert firms to these risks and identify actions to avoid them.

The process for...