Government of Canada Supports Project That Promotes Saving for Education
To help low- and middle-income families in Ontario improve their financial literacy and money management skills, as well as save for their children’s education, ABC Life Literacy Canada will launch a new project, Money Matters. Ms. Lois Brown, Member of Parliament for Newmarket–Aurora, on behalf of the Honourable Diane Finley, Minister of Human Resources and Skills Development, today announced Government of Canada support for the project.
"Our government wants young Canadians to succeed in the future, and that means helping them get a post-secondary education," said Ms. Brown. "That is why we help organizations like ABC Life Literacy Canada encourage families to save early for their children’s education and take advantage of Government of Canada education savings incentives."
Through this project, ABC Life Literacy Canada will work with its 400 partners across Canada to create financial literacy modules for low- and middle-income Canadians. These modules will help participants gain a better understanding of Registered Education Savings Plans (RESP) and the benefits of the Government of Canada’s education savings incentives. By acquiring financial and money management skills, parents will be able to make informed decisions about saving for post-secondary education….