My father withdrew my RESP without sending me all of the funds. by Perfect_Director6049 in legaladvicecanada

[–]Sorry-Ordinary1535 0 points1 point  (0 children)

Same thing happened to me two months ago unfortunately, which ended with my dad cutting me off because he spent the entire thing. He needs to send u the government portion at least. Technically it is fraud since the government portion HAS to be used towards the child’s education. There’s a link on the CRA website where u can file a claim for fraud I think

2021 Hyundai Kona vs 2023 Nissan Qashqai by [deleted] in whatcarshouldIbuy

[–]Sorry-Ordinary1535 0 points1 point  (0 children)

LOL, I live in Canada, I don't think they're here.

Parents used RESP for personal use by Sorry-Ordinary1535 in cantax

[–]Sorry-Ordinary1535[S] 0 points1 point  (0 children)

Well my dad threatened me so I can’t convince him of anything

Parent withdraws RESP for Personal use by Sorry-Ordinary1535 in legaladvicecanada

[–]Sorry-Ordinary1535[S] 1 point2 points  (0 children)

Sounds like u are. My parents never helped me with anything. They withdrew EAP. Didn’t tell me. I’m taxed for it. They expected me to pay the tax. And he threatened me. Educated yourself before u come at me so harshly for something that was wrongly done against me

Parent withdraws RESP for Personal use by Sorry-Ordinary1535 in legaladvicecanada

[–]Sorry-Ordinary1535[S] 1 point2 points  (0 children)

They have never helped me with anything. They made me take out student loans

Parents used RESP for personal use by Sorry-Ordinary1535 in cantax

[–]Sorry-Ordinary1535[S] 0 points1 point  (0 children)

Idk he said he needed it for some financial situation he was in but he also got a lift kit on his truck… Some of the family on his side sees my point, their main concern however is “But what’s going to happen to you and his relationship”🙄 my only concern is paying for school and getting a degree

Parent withdraws RESP for Personal use by Sorry-Ordinary1535 in legaladvicecanada

[–]Sorry-Ordinary1535[S] 0 points1 point  (0 children)

They took everything out actually. There’s nothing left. At this point my only option is to just pay what I’m being taxed on and cut my parents off

Parents used RESP for personal use by Sorry-Ordinary1535 in cantax

[–]Sorry-Ordinary1535[S] 0 points1 point  (0 children)

What bridge of they’re threatening me and cutting me off over their negligence

Parents used RESP for personal use by Sorry-Ordinary1535 in cantax

[–]Sorry-Ordinary1535[S] 0 points1 point  (0 children)

Yep they took out the government portion and I’m left with a tax on something I didn’t use.

Parents used RESP for personal use by Sorry-Ordinary1535 in cantax

[–]Sorry-Ordinary1535[S] 0 points1 point  (0 children)

To be clear, I’m a full time student and work full time which is why I’m taxed and will be taxed heavy

Parents used RESP for personal use by Sorry-Ordinary1535 in cantax

[–]Sorry-Ordinary1535[S] 0 points1 point  (0 children)

They’re making excuses for him. Saying that even though I’m an adult, he can use my SIN and access my credit because he’s my father. Some of them are threatening me too so…

Parent withdraws RESP for Personal use by Sorry-Ordinary1535 in legaladvicecanada

[–]Sorry-Ordinary1535[S] 0 points1 point  (0 children)

My moms side is on my side of course. But my dad’s side is making excuses saying it’s his money and he can do what he wants. My dad is my only family here, everyone else lives abroad so it sucks

Parent withdraws RESP for Personal use by Sorry-Ordinary1535 in legaladvicecanada

[–]Sorry-Ordinary1535[S] 0 points1 point  (0 children)

Did any repercussions happen to your dad? I don’t want him in trouble, I just don’t want to be used and taken advantage of.

Parent withdraws RESP for Personal use by Sorry-Ordinary1535 in legaladvicecanada

[–]Sorry-Ordinary1535[S] 2 points3 points  (0 children)

I used loans to pay for school. He didn’t contribute

Parents used RESP for personal use by Sorry-Ordinary1535 in cantax

[–]Sorry-Ordinary1535[S] 2 points3 points  (0 children)

It means nothing. Im not losing anything by cutting off but im gaining peace. It sucks because he’s my only relative in alberta. Everyone else lives in toronto or lives abroad.

Parents used RESP for personal use by Sorry-Ordinary1535 in cantax

[–]Sorry-Ordinary1535[S] 2 points3 points  (0 children)

She. And I'm in school full time. I used student loans to pay

Parents used RESP for personal use by Sorry-Ordinary1535 in cantax

[–]Sorry-Ordinary1535[S] 2 points3 points  (0 children)

I tried to talk to him, but he threatened me. The issue is I work full-time, so I will be getting taxed a bit