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What is Additional Tax On Accumulated Income Payments From Resps: Identification about?

This document provides a form for calculating the additional tax on accumulated income payments (AIPs) received from registered education savings plans (RESPs) starting from 1999. It outlines the identification requirements, calculation steps, and conditions under which taxpayers can reduce the amount of AIPs subject to additional tax. Instructions for residents of Quebec and additional information about AIPs and RESPs are also included.

Author

bhumit.parekh

Language

EN