Does my child have to go to school for all four years to collect all of their money?

If you have a group plan, your child must enroll in four years of school (or equivalent) to collect all of their EAPs. Your child can only receive one EAP each year, but can take a break between years of study, change schools or program and still qualify for the rest of their payments.

If you have an Individual or Family Savings Plan, your child does not have to attend all four years to collect all of their money. It’s entirely up to you to control the timing and payout as long as you abide by the rules of the Income Tax Act (Canada).

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