Thanks for your reply.
We're RESP grantor, my son is beneficiary. He cashed out money from account for university education. NR4 is issued for him with 15% tax withholding.
My question is if my son needs report EAP in his 1040.
We report RESP income in annual return. When my son receives distribution (EAP), tax is already paid by us. Need he report it as income again for tax?
I find one RBC document, could you help to clarify it?
Where someone else is a subscriber and/or contributor to
the RESP, and the RESP is a foreign grantor trust in respect
of such persons (as discussed earlier), a U.S. beneficiary
is not subject to U.S. income tax when they receive a
distribution from the RESP, provided the necessary U.S. tax
filings have been made.
https://ca.rbcwealthmanagement.com/docu ... c407a6943d
