RESPs can only be used for post-secondary education. Therefore your child must be enrolled in a post-secondary educational institution in order to receive payments from their RESP. This means that an RESP cannot be used for private elementary, high school, or any other non-post-secondary school.
Qualified educational program
A qualified educational program is a post-secondary level program that is at least three consecutives weeks long. It also requires that students spend at least ten hours per week on courses or work within the program.
Specified educational program
A specified educational program is a post-secondary level program that is at least three consecutives weeks long. It also requires that students spend at least 12 hours per week on courses within the program.
What if my child’s education does not meet these criteria?
With the incredible number of career options out there, your child may choose to pursue a direction that does not allow them to use their RESP. If this happens, don’t worry, you’ve got options.