I think it's important to realize that the Canada education savings grant program has been successful in driving participation in the RESP. Nonetheless, we still only have a third of Canadians with this type of savings program. There's still a huge opportunity and a huge gap, and I would suggest that with the introduction of the Canada learning bond, you are in fact starting to address some of the concerns of the lower-income families. This measure provides the greatest benefit to the group in the middle tier, the middle-income families that do find it a struggle to find room within their budget, their after-tax dollars, to make contributions into these important programs.
On February 8th, 2007. See this statement in context.