Finance committee  For RESPs for the Canada education savings grant, there can be multiple accounts open—by a grandparent, let's say, or an aunt or uncle, or a spouse—but the amount of the grant doesn't multiply. There's only a certain amount for each child. We monitor that through the systems we h

Finance committee  Thank you very much. I'll start and discuss clauses 117 to 121 of part 4, division 6. By way of context, I'd like to note the following. Canadians use registered education savings plans, RESPs, to save for a child's post-secondary education. RESPs grow tax-free until they're

Finance committee  The take-up rate for the Canada education savings grant is 50.1%, based on 2015 numbers, and for the Canada learning bond, it's 33.1%. By amending the legislation, we anticipate that we could increase the take-up by approximately 54,000 new RESPs, or roughly 9,000 Canada learning