Canadians most likely to save for their children’s college or university education don’t need subsidies to do it, new data show. Parliament has paid out grants to education savers for nearly two decades.
“Families that were more likely to save for postsecondary education had higher family incomes, parents who had higher levels of schooling, greater financial resources and owned a home,” said a Department of Employment report Families Saving For Postsecondary Education. Savers also had “a child with higher grades” and “higher hopes for their child,” said the report.
Researchers said parents less likely to save for their children’s postse