What can an RESP be used for?

An RESP can be used for tuition and many education-related expenses.

Education-related expenses may include:

• Tuition fees
• Textbooks, software and other necessary educational supplies
• Living expenses, such as rent, food, and utilities
• Transportation costs, including public transit passes
• Equipment and technology, such as computers or specialized tools
• Other costs, such as mandatory fees directly related to the beneficiary’s education

The RESP provider will distinguish between original contributions and income earned (including grants) to ensure withdrawals get the appropriate tax treatment.