The House of Commons passed a confidence motion on Thursday afternoon that effectively cancels a Liberal-sponsored RESP tax-break bill already before the Senate.Members of Parliament voted 124-87 in favour of a ways-and-means motion to implement the federal budget that included provisions to cancel the bill, which promised tax breaks though the RESP plan.The bill, introduced […]
University students and faculty are condemning the proposed bill to make RESP contributions tax deductible.The Canadian Federation of Students (CFS) says Liberal MP Dan McTeague’s bill will do little to make post-secondary education more accessible for most students and their families.“This bill is a bad use of scarce resources and it will cost about $1 […]
McTeague bill surprises all as it heads to Senate
Ottawa proposes boosting time limits for contributions and access to funds
Ombudsman for Banking Services and Investments will provide objective, third party review for group RESP subscribers’ issues
Urges government to move ahead on other retirement savings recommendations
Proposed changes will encourage more families to save
Investor complaints reflect lack of understanding of how the investment works
Almost half of parents plan to purchase an RESP or other type of savings plan
ACES program reaches one-year anniversary