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It also addresses Registered Education Savings Plan (RESP) withdrawals, clarifying how educational assistance payments and post-secondary education payments are treated for tax purposes, and setting guidance for parents navigating the shift from saving to withdrawing during the school year.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/wealth-insights-back-to-school-your-resp-withdrawal-questions-answered/638736/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/wealth-insights-back-to-school-your-resp-withdrawal-questions-answered/638736.png","ImageObject",300,407,{"name":92,"@type":93},"Jake","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-03","2026-10-22",true,{"@type":102,"interactionType":103,"userInteractionCount":34},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What is the difference between EAP and PSE withdrawals from an RESP, and how are they taxed?","Question",{"text":112,"@type":113},"The educational assistance payment (EAP) includes income earned or grants accumulated and is taxable in the hands of the beneficiary attending a qualifying program. The post-secondary education (PSE) payment represents subscriber contributions and is not subject to tax.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"Why does the document emphasize optimizing wealth planning in a longer, healthier life?",{"text":117,"@type":113},"If healthspan extends into the 70s and beyond, a wealth plan may need to cover another 30 to 40 years. The document shifts the focus from merely having enough money to optimizing what you have to support a longer, healthier life.",{"name":119,"@type":110,"acceptedAnswer":120},"How is the “longevity economy” described and what economic implications are mentioned?",{"text":121,"@type":113},"People aged 50 and older are described as part of a “longevity economy,” contributing a larger share of GDP and accounting for more than half of U.S. consumer spending for households headed by someone aged 50 or older. The document also notes that this demographic shift is only beginning.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},638736,1793148782,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":34,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":19,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":143,"read_time":52},962084928904,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","Wealth Insights  \nTD Wealth Private Investment Advice  \nAutumn 2026  \nRocsana Filip, CFP®, CIM®, TEP Associate Portfolio Manager Senior Investment Advisor 416 748 7915 [rocsana.filip@td.com](rocsana.filip@td.com)  \nIn This Issue  \nRESP Withdrawal Questions .......... 2  \nA Changing Investing Landscape ...3  \nTax-Loss Harvesting ....................... 3  \nThe Longevity Paradox ................. 4  \nTo My Clients:  \nEscalating trade tensions toward the end of the summer are a reminder that these volatile exchanges are likely to persist. Iam here to separate the signal from the noise. While certain sectors will be hit harder than others, TD economists estimate that current tariff changes will subtract less than 0.6 percentage points from GDP.8 Continue to look ahead.  \nThank you for your ongoing trust. Here’s to the many bounties of the fall.  \nThe 70s Are the New 50s  \nWelcome to the new longevity. We aren’t just living longer; we are also extending the years in which we remain healthy, active and productive. A recent study found that a 70-year-old in 2022 had roughly the same cognitive ability as a 53-year-old in 2000.¹  \nThis shift is already having economic implications. Just a decade ago, many observers warned that retiring baby boomers would become a significant drag on economic growth as they left the workforce. Yet the opposite has occurred. Those aged 50 and older, now part of the socalled “longevity economy,” accounted for just 24 percent of the global population in 2020 but contributed 34 percent of global GDP.2 In the U.S., households headed by someone aged 50 or older now account for more than half of all consumer spending.3  \nAnd the demographic shift is only beginning. Canadian life expectancy is now around 82 years, while those reaching age 65 can expect to live to approximately 86.4 Canada’s centenarian population has more than tripled since 2000 and is projected to increase nearly tenfold over the next 50 years.5  \nThese trends challenge some long-standing assumptions about retirement. If healthier lives extend into our 70s and beyond, the traditional progression from working years to retirement may become less defined. Indeed, the average working life has already increased from 34 to 38 years since 2000.6 Some continue working out of necessity, while others choose to remain professionally active, pursue new ventures or transition gradually into retirement.  \nAtthe same time, longevity has become an expanding field of innovation and investment. Consider the $101 million global competition to find ways to extend healthspan: the number of years spent in good health 7 Billions are being invested in research, technologies and therapies aimed at adding quality years, not simply more years, to life.  \nFor wealth planning, the implications are significant. At age 60 or 65, a wealth plan may need to contemplate another 30 or even 40 years. The question, then, shifts from simply “Do I have enough?” to “How do I optimize what I have to support a longer, healthier life?”  \nAs an advisor, my role is to help clients adapt their wealth plans as healthspans extend. This may involve considerations around retirement income, appropriate growth potential, registered account optimization, strategic decumulation and the timing of wealth transfers, while accounting for additional years of spending, inflation and potential health care costs.  \nPerhaps the biggest change is one of perspective. Retirement planning has traditionally focused on accumulating enough to reach retirement, then making those assets last. Our new longevity calls for a broader approach: creating a plan flexible enough to accommodate a longer and healthier life.  \nThe good news? With a longer horizon comes greater possibilities.  \n[1. www.imf.org/-/media/files/publications/weo/2025/april/english/ch2.pdf](1. www.imf.org/-/media/files/publications/weo/2025/april/english/ch2.pdf); [2. www.brookings.edu/articles/the-age-of-the](2. www.brookings.edu/articles/the-age-o","cbCaivfVBlUkIcd1","https://ap.wps.com/l/cbCaivfVBlUkIcd1","pdf",547093,"English","# In This Issue\n## RESP Withdrawal Questions\n## A Changing Investing Landscape\n## Tax-Loss Harvesting\n## The Longevity Paradox\n# To My Clients\n# The 70s Are the New 50s\n# A Shift From Saving to Withdrawing\n## Back to School: Your RESP Withdrawal Questions Answered","[{\"question\":\"What is the difference between EAP and PSE withdrawals from an RESP, and how are they taxed?\",\"answer\":\"The educational assistance payment (EAP) includes income earned or grants accumulated and is taxable in the hands of the beneficiary attending a qualifying program. The post-secondary education (PSE) payment represents subscriber contributions and is not subject to tax.\"},{\"question\":\"Why does the document emphasize optimizing wealth planning in a longer, healthier life?\",\"answer\":\"If healthspan extends into the 70s and beyond, a wealth plan may need to cover another 30 to 40 years. The document shifts the focus from merely having enough money to optimizing what you have to support a longer, healthier life.\"},{\"question\":\"How is the “longevity economy” described and what economic implications are mentioned?\",\"answer\":\"People aged 50 and older are described as part of a “longevity economy,” contributing a larger share of GDP and accounting for more than half of U.S. consumer spending for households headed by someone aged 50 or older. The document also notes that this demographic shift is only beginning.\"}]","Wealth Insights - Back to School: Your RESP Withdrawal Questions Answered | PDF",1792698767]