Make a withdrawal from a RESP

When your child/grandchild is ready to further his/her education, the money you have put aside will be ready, too. To make a withdrawal from your ScotiaMcLeod RESP, send us the following 2 items:

Item Notes

Withdrawal Directions

Print off and complete the withdrawal directions form.
 

Proof of enrollment

For proof of enrollment, the student must provide a letter/document from his/her educational institution which must:

  • be on the educational institution's letterhead,
  • be currently dated,
  • preferably contain the institution's name and complete address (including postal code),
  • include student's name (and student number, if available),
  • indicate that the student is currently enrolled in that educational institution,
  • indicate the program in which the student is currently enrolled,

If an enrollment letter/document as detailed above is not available to the student an invoice (including internet invoices) from the educational institution may also be accepted if the above information is on the invoice. In addition, the invoice must show a balance owing of zero dollars in order for the payment to be made to the subscriber. If the balance is not showing zero, the balance must be made payable to the educational institution.

Confirmation of enrollment is a CRA requirement and the rest of the information is required by, and filed electronically with the CESG Program. See the CanLearn RESP withdrawal page for more details.

If you have any questions, please email us or call us at 416-863-7777 or 1-800-387-9273.

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Contact Us

T.  416.863.RRSP (7777)
     1.800.387.9273
F.  416.863.7479
E. carl.spiess@scotiawealth.com
    allan.mcglade@scotiawealth.com

ScotiaMcLeod is a division of Scotia Capital Inc., member of CIPF.

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® Registered trademark of The Bank of Nova Scotia, used under licence. ™ Trademark of The Bank of Nova Scotia, used under licence. Scotia Wealth Management™ consists of a range of financial services provided by The Bank of Nova Scotia (Scotiabank®); The Bank of Nova Scotia Trust Company (Scotiatrust®); Private Investment Counsel, a service of 1832 Asset Management L.P.; 1832 Asset Management U.S. Inc.; Scotia Wealth Insurance Services Inc.; and ScotiaMcLeod®, a division of Scotia Capital Inc. ("SCI"). Wealth advisory and brokerage services are provided by ScotiaMcLeod, a division of SCI. Insurance services are provided by Scotia Wealth Insurance Services Inc., the insurance subsidiary of SCI. When discussing life insurance products, ScotiaMcLeod advisors are acting as Life Underwriters (Financial Security Advisors in Québec) representing Scotia Wealth Insurance Services Inc. SCI is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.

The Spiess McGlade Team is a personal trade name of Carl Spiess and Allan McGlade.