I get RESP distribution(EAP) for university education, NR4 is issued, need I report it as income?
Parents are grantors, they reported RESP income and paid tax in annual return. I'm beneficiary.
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You report any amount greater than your education expenses as income.
I get 9k in EAP, tuition is around 20k per year.
So I needn't report it?
No. You don't need to report it. You should enter the amounts on the 1098-T from the university so that you report the tuition that you paid and the scholarships that you received and no one expects you to report more.
Thanks for the info. Do you mean I need enter the RESP EAP NR4 amount in 1098-T?
What to do with the university in Canada which can't issue 1098-T?
Does the expense include room and meal?
Nope. Didn't know it was a Canadian University. You're off the hook, don't report anything.
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