Student Information

Helping you navigate post-secondary options

Now that high school is behind you, there are lots of choices and questions as to what the next chapter of your life will look like. Whether you are headed straight to university or college, taking a gap year, or still trying to decide what you should do, we are here to help. We have developed a series of tips, tools and information to help answer some big questions and get prepared for whatever you decide the next year has in store.

Is a Gap Year Right for You?

It has been a strange year with COVID-19 throwing a wrench in even the most solid of plans. Are you wondering, with all this uncertainty, if you should rethink your post-secondary journey? This video gives you 5 key questions to ask yourself when deciding if you should take a gap year or forge ahead on your education path.

Post-Secondary vs Gap Year Worksheet

This easy-to-use worksheet allows you to weigh the pros and cons of continuing with your education path or deciding to take a gap year. It will help you organize and articulate your thinking around the pros and cons of each and is a great way for you and your parents to discuss and decide what might be right for you

Download Worksheet

Made Your Choice?

Whether you decide to continue with your education or take a gap year, here are a few things to know about your RESP from Knowledge First Financial:

  • Flex First/Single Student Plan: If you decide to take a gap year, rest assured! You have full flexibility to choose when and how much to withdraw to pay for school-related expenses.
  • Heritage Plans: With a Heritage Plan, it’s important to let us know as soon as possible if you are going to delay or request an EAP.
    Note: Due to the uncertainty created by COVID-19, the deadline is extended to November 1, 2020.

Requesting an Educational Assistance Payment

An Educational Assistance Payment (EAP) is a payment made directly to students from an RESP who are enrolled in a post-secondary program. The EAP includes the government grants and income earned on contributions and grants while invested your RESP. EAP's are taxable to the student.

To request an EAP, you'll need:

A Verification of Enrolment (from school website or Registrar’s Office). Ask your Registrar to complete the ‘Verification Of Enrolment / Proof of Registration’ section on our paper application form and upload it when completing the application online.

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Reminder to Heritage Plans students: Nov 1st is an important date.

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Login now to request your EAP

Get your EAP faster with Direct Deposit

It’s easy to sign-up to receive your EAP via direct deposit. Simply provide your account information in the Direction of Payment section on the secure login or on the RESP Educational Withdrawal Request. To receive a direct deposit, you must be a Canadian Resident and have a Canadian bank account.

Benefits of Direct Deposit include:

  • Fast – There won’t be delays due to unforeseen delivery issues. As soon as your EAP is issued, it is deposited into your bank account.
  • Efficient – Avoid the extra step of depositing your cheque. Your EAP is quickly deposited into your Canadian bank account. In some cases, a fee may apply for printed cheques.
  • Safe and Secure – Unlike cheques, there is no risk your payment can get lost, stolen or damaged.

Customer Service

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TTY: 1 877 694-7944
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Program Eligibility

To take advantage of the government grants in your RESP, you must be enrolled in a qualifying program when funds are withdrawn.

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As a student, you can request your EAP online

Login to our secure site to request your EAP online. Or track the status of your payment.

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Forms & Resources

  • RESP Withdrawal Request

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  • Instructions to Request an EAP
    (Flex First and Family Single Student Plans)

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  • Recognized Post-Secondary Institutions

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We’re here to help

If you have any questions about withdrawing funds from your RESP from Knowledge First Financial, please contact our Customer Service team.

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