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Line 33 - Additional tax on RESP accumulated income payments

Federal Line 33 - Additional tax on RESP accumulated income payments

If you received an accumulated income payment from a registered education savings plan (RESP) in the year, you may have to pay an additional tax on all or part of the amount in box 40 of your T4A slip. If this is the case, complete Form T1172, Additional Tax on Accumulated Income Payments from RESPs. Enter the amount from line 13 on line 32 of Schedule 11. For more information, see Information Sheet RC4092, Registered Education Savings Plans.