My parents opened up an RESP account for some years ago and apparently now that I finally have access to it, any money I withdraw from that account will be considered income. According to this website; http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html
there is a 15% tax on the first
$43,561 of taxable income. I was wondering whether RESP would be considered taxable.
I think it's called the "RESP," is it?