Education In Canada A Statistical Review

Author : Human Resources and Skills Development Canada
Publisher :
ISBN 13 :
Total Pages : 29 pages
Book Rating : 4.:/5 (16 download)

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Download or read book Canada Education Savings Program written by Human Resources and Skills Development Canada and published by . This book was released on 2012 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Canada Education Savings Program (CESP) has been an initiative of the Government of Canada since 1998. As part of the Department of Human Resources and Skills Development Canada, the program administers the Canada Education Savings Grant (CESG) and the Canada Learning Bond (CLB). These two initiatives help Canadian families save for a child's post-secondary education in Registered Education Savings Plans (RESPs). Although any person can be named by a subscriber of an RESP to receive money for education after high school, the "Annual Statistical Review 2012" only reports on those who have previously received the Government of Canada incentives to save in RESPs which are available to children 0 to 17 years of age. This report provides annual statistics on the CESP and RESPs in Canada for January 1 through December 31, 2012 as well as historical data that show trends since program inception. The primary source of data used to produce this report is the CESP's Reporting Database, which compiles CESG and CLB data supplied by RESP providers. CESG statistics were calculated based on the date on which transactions were made such as the date that a contribution or an Education Assistance Payment was made; whereas the CLB statistics were calculated based on a processing date, which is the date that the grant is paid. [For "Canada Education Savings Program: Annual Statistical Review 2011," see ED543303.].