RRSP or RESP: Is Lack of Information Affecting Choices? 49% of Quebec's Families Don't Know About RESP Grants
More than half the families in Quebec prioritized the RRSP in 2015, while only a quarter invested in an RESP
QUEBEC CITY, Feb. 8, 2016 /CNW/ – With tax season around the corner, many Quebecers are wondering which investment vehicle to prioritize. A recent survey by the CROP polling firm commissioned by the RESP expert Universitas found that nearly half the families surveyed don't know about the financial advantages the RESP offers. Over the last year, only 27% of Quebec's families invested in an RESP, thus missing out on the generous government grants to which their children are entitled for post-secondary education. Results show that families continue to favour the more traditional RRSP (52%) and TFSA (33%). Furthermore, only 9% of the families surveyed believe that, based on their current situation, the RESP should be their first investment choice.
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Government of Canada Provides Funding for Children of the Street Society
Funding to help organization provide support to families of youth victimized by sexual exploitation and human trafficking
VANCOUVER, BRITISH COLUMBIA– Feb. 11, 2015 – Department of Justice Canada Today, Justice Minister Peter MacKay announced $106,595 in funding for the Children of the Street Society for its project "Working Together to Support Victims and Families of Sexual Exploitation." Minister MacKay was joined by Minister of National Revenue and MP for Delta-Richmond-East Kerry-Lynne D. Findlay.
The funding will be used by the Children of the Street Society to develop a resource toolkit specifically designed to assist the parents and caregivers of youth who have been victimized by sexual exploitation and human trafficking.
The toolkit will further advance the organization's efforts in increasing the knowledge among parents/caregivers about the impacts of these crimes, and about the services, assistance and laws in place to respond to the sexual exploitation and human trafficking of youth. The organization will also use the funding to continue their ongoing work of providing information, resources and referrals to families and service providers.
– The mission of Children of the Street Society is to take a proactive approach through public awareness, education and early intervention strategies to prevent the sexual exploitation and human trafficking of children and youth, while offering support to families.
– The funding is being provided as follows: