How to Fix the Canada Learning Bond
Chances are you’re familiar with Registered Education Savings Plans. Though they’ve been around for 40 years now, it was only with the 1998 budget’s introduction of the Canada Education Savings Grants and their 20% top-ups of RESP contributions that they got big. Nowadays, parents contribute $3.39 billion per year to RESPs, and the CESG program hands out $667.1 million per year. Of course, people pointed out at the time that the CESGs offered much more to families that could afford to