The Minister of Employment, Workforce Development and Disability, Carla Qualtrough, issued the following statement today to kick off Education Savings Week 2022 in Canada:
"Young Canadians have faced many challenges during the pandemic, including financial instability and fewer job and training opportunities. An investment in post-secondary education will provide a lifetime of benefit. Young Canadians need - and deserve - the very best chance at success to keep learning after high school - be it at a trade school, college, or university. The Government of Canada is committed to providing all Canadians with a chance to succeed.
"For many, pursuing post-secondary education takes careful planning and saving. Education Savings Week gives us the opportunity to underline the benefits of saving early for a child's post-secondary education, and raise awareness of the many supports the Government of Canada has to offer young Canadians.
"It is never too early or too late to start planning and saving for a child's post-secondary education. It starts with opening a Registered Education Savings Plan (RESP), which opens the door to other incentives like the Canada Learning Bond (CLB) and the Canada Education Savings Grant (CESG). With no personal contribution required, the CLB in particular is there to help families who need it most. I encourage you to speak with your local financial institution so they can walk you through the process.
