Martin Cauchon on Questions On The Order Paper

In the House of Commons on February 16th, 2000. See this statement in context.

Questions On The Order PaperRoutine Proceedings

February 16th, 2000 / 4:40 p.m.

Outremont Québec

Liberal

Martin Cauchon LiberalMinister of National Revenue and Secretary of State (Economic Development Agency of Canada for the Regions of Quebec)

Registered education savings plans, RESPs have existed and have been registered with the Department of National Revenue, now the Canada Customs and Revenue Agency, for several years. To date there has not been a need to establish a policy regarding administrative relief.

However, with the introduction of the new Canada education savings grant program in 1998, there has been a significant increase in RESP activity which has given rise to a few requests for administrative relief.

The Canada Customs and Revenue Agency is monitoring the situation and will consult with the Department of Finance and the Department of Human Resources Development if the problem becomes significant and a policy needs to be developed.

Question No. 48—

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