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Finance committee  Canadians use RESPs, registered education savings plans, to save for the post-secondary education of their children. The RESP savings grow tax-free until the child is enrolled in a post-secondary education institution and can pay for part-time or full-time studies. The Government of Canada administers two education savings incentives linked to RESPs.

November 17th, 2016Committee meeting

Jessica Kerr

Finance committee  I could slow down, definitely. The changes that are being proposed are to amend the Canada Education Savings Act to replace the term “child tax benefit” with “Canada child benefit”, as well as to change the definition of the primary caregiver, as well as to change the definition of national child benefit supplement and to incorporate the formula that was initially in the Income Tax Act for the NCBS into this other act.

November 17th, 2016Committee meeting

Jessica Kerr

Finance committee  It's essentially exactly the status quo, as we have it now. There should not be any significant changes at all.

November 17th, 2016Committee meeting

Jessica Kerr