When you sign up for a plan with us, you have 60 days to change your mind and receive all of your money. If you cancel your plan after 60 days, you'll get back your principal (contributions less sales charges and fees). Government grants received in your RESP will be returned to the government. Unless you qualify for an accumulated income payment, you would also forego any earnings on the plan as these will be added into the Education Assistance Payment account and later distributed among other beneficiaries that enter post-secondary education in the same year that your beneficiary was scheduled to attend.