Educational Assistance Payment definition

Educational Assistance Payment means any amount, other than a refund of Subscriber Contributions, paid out of the Plan to or for the Beneficiary to assist the Beneficiary to further his or her education at a post-secondary school level.

Educational Assistance Payment means any amount, other than a Refund of Payments, paid out of the Plan in accordance with section 10(a) to or for a Beneficiary to assist that Beneficiary to further his or her education at a Post-Secondary School Level.

Educational Assistance Payment means any amount, other than a refund of Subscriber Contributions, paid out of the Plan to or for a Beneficiary to assist the Beneficiary to further his or her education at a post-secondary school level.

Examples of Educational Assistance Payment in a sentence

• Before the first Educational Assistance Payment is made to or for the Beneficiary, you must confirm in writing to the Trustee whether the Beneficiary is at that time a resident or non-resident of Canada (for the purpose of the Act).

• The Grants may be used as part of an Educational Assistance Payment.

• The decision made by us will be binding on you and the Beneficiary.Before the first Educational Assistance Payment is made to or for the Beneficiary, you must confirm in writing to the Trustee whether the Beneficiary is at that time a resident or non-resident of Canada (for the purpose of the Act).You may give the Trustee instructions telling the Trustee which property to sell if the Trustee is required to sell property of the Plan in order to make a payment, refund or transfer out of the Plan.

• Further, an Educational Assistance Payment made in accordance with this subsection (c) but not in accordance with paragraph (a)(i) will be deemed, for the purposes of applying paragraph (a)(i) at and after that time, to have been made before the particular time referred to in this subsection (c) above.

• In addition, payments will be made to or for the Beneficiary as an Educational Assistance Payment during the six month period following the time when the Beneficiary ceased to be enrolled as a student in a Qualifying Educational Program or a Specified Educational Program provided that Mackenzie received satisfactory instructions from you or a Dealer and the other requirements of this paragraph would have been satisfied had the payment been made immediately before the Beneficiary ceased to be so enrolled.

More Definitions of Educational Assistance Payment

Educational Assistance Payment means any amount, other than a Refund of Payments, paid out of the Plan to or for a Plan Beneficiary to assist him/her to further his/her education at a post-secondary school level;

Educational Assistance Payment means any amount other than a refund of payments paid out of the Plan to or for an individual to assist the individual to further the individual’s education at a post-secondary school level.

Educational Assistance Payment means any amount paid or payable under the Plan to or for a Beneficiary to assist the Beneficiary to further the Beneficiary's education at a post-secondary school level (but does not include a Refund of Contributions under section 14);

Educational Assistance Payment means any amount, other than a refund of payments, paid out of an RESP to or for a beneficiary to help finance the cost of post-secondary education.

Educational Assistance Payment means any amount, other than a refund of payments, paid out of the Plan to or for an individual to assist the individual to further the individual’s education at a post-secondary school level. Educational Assistance Payments can only be paid when the Beneficiary is enrolled as a full-time or part-time student in a “qualifying educational program” at a “postsecondary educational institution”. (Where the Beneficiary has a mental or physical impairment, and it has been certified as required under the Act that the effects of the impairment are such that the Beneficiary cannot reasonably be expected to be enrolled as a full-time student, Educational Assistance Payments can be paid where the Beneficiary is not a full-time student.) A “qualifying educational program” means a program at a post-secondary school level of not less than three consecutive weeks duration that requires that each student taking the program spend not less than ten hours per week on courses or work in the program. A program is not a qualifying educational program for a particular student if the student is enrolled in the program in connection with, or as part of, the duties of employment and the student is receiving employment income while enrolled in the program.

Educational Assistance Payment means any amount, other than a Refund of Payments, paid out of the Plan in accordance with section 14 (a) (Educational Assistance and Other Payments) to or for a Beneficiary to assist that Beneficiary to further his or her education at a Post- Secondary School Level;

Educational Assistance Payment or “EAP” means any amount that the Foundation may have the Manager pay to a qualified Beneficiary or for their account under the terms of a plan establishing an RESP in the Plan.