Does a parent have to withdraw funds from an Individual Savings Account to fund their child's education?
Ontario, Canada
The following excerpt is from C.S. v. D.A.S., 2020 ONCJ 16 (CanLII):
In Vetrici v. Vetrici, the mother retained an RESP as part of a property settlement, but she later withdrew money from the RESP and used the funds for other purposes apart from the child’s education. The father objected to the fact that the mother had done this.
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