Currently, you can transfer funds between your RESP accounts that have the same beneficiary. The system will check that the beneficiary in both accounts is the same person (verified by SIN and name). More complex transfers, such as between siblings, will be added in a future update. Please note that once you’ve completed your initial self-serve internal transfer, subsequent internal transfers will require manual support, and our support team can assist.

Yes, you can transfer any amount from your RESP to another eligible RESP account.

Yes, as long as both the beneficiary and the account owner(s) are an exact match. For example, you can transfer from an Individual RESP to a Family RESP where the same beneficiary is listed.

It’s possible, but there may be some restrictions. Please contact support for assistance with these types of transfers.

For qualifying transfers with the same beneficiary, there will be no negative impact on grants or contribution room. The transfer preserves the original categorization of funds (contributions, grants, and growth) and maintains all grant eligibility.

Some RESPs are currently RESPs with previous withdrawals, internal transfers, or institutional transfers that have special regulatory considerations that require manual review. Please contact our support team to manually assist with these internal transfers.

Institutionally transferred-in RESPs often have complex grant and contribution histories that require additional verification to ensure proper handling of government grants and compliance with CRA regulations. Our support team is equipped to handle these transfers manually to ensure all regulatory requirements are met.

In-app RESP transfers initiated through self-serve typically process within 4-6 business days.

We're working on adding a detailed breakdown of these components by beneficiary on your account details page in an upcoming update.