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The Canada Education Savings Grant program was announced in the 1998 Canadian federal budget tabled on 24 February 1998 by Finance Minister Paul Martin.The program was retroactively started on 1 January 1998 and placed under the administration of Human Resources Development Canada.
The Alberta Centennial Education Savings (ACES) grant was introduced in 2005 by the Alberta government to encourage families to begin planning and saving for their children's post-secondary education. The government of Alberta contributes $500 to an RESP for babies born to or adopted by Alberta residents on or after January 1, 2005.
The Canada Education Savings Act (French: Loi canadienne sur l’épargne-études, CESA) is an Act of the Parliament of Canada. It is intended to provide financial assistance for post-secondary education savings. The first version of the law was assented to on 15 December 2004. Most sections of the act entered into force on 1 July 2005. [1]
In a presentation to the House of Commons of Canada Standing Committee on Finance in August 2007, the Canadian Association of University Teachers recommended converting the CLB, Canada Education Savings Grant, and Canada Millennium Scholarship Foundation into one annual needs-based grant program for eligible post-secondary students. [4]
Parents receive funding from the government of Canada to save money for the post-secondary education of their children. The Registered Education Savings Plan (RESP) is a financial instrument that acts as a tax shelter. The Canada Education Savings Grant provides funds to eligible parents
The Canadian federal budget for the 2007–08 fiscal year was presented to the House of Commons of Canada by Finance Minister Jim Flaherty. Flaherty presented the 2007 budget on March 19, 2007. No income tax or GST cuts were announced but there were tax credits (of up to $310 per child) for some families with children under 18. [2]
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Pages in category "Education finance in Canada" ... Canada Education Savings Grant; Canada Learning Bond; List of Canadian universities by endowment; D.