Government of Canada partners with the Government of Ontario to add a new feature to the province’s Newborn Bundle Service

by pmnationtalk on April 16, 2018491 Views

Receiving money for a child’s post-secondary education is easier than ever

April 14, 2018 Toronto, Ontario Employment and Social Development Canada

When more people can afford post-secondary education, our economy can grow and our middle class can thrive. That is why the Government of Canada is helping low- and middle-income families save money for their children’s post-secondary education.

Today, on behalf of the Honourable Patty Hajdu, Minister of Employment, Workforce Development and Labour, Nathaniel Erskine-Smith, Member of Parliament for Beaches–East York, along with the Honourable Tracy MacCharles, Ontario Minister of Government and Consumer Services, announced an important change to Ontario’s Newborn Bundle— the province’s on-line birth registration service. As part of the new 5-in-1 Newborn Bundle, the new Education Savings Referral Service will help parents of newborns open a Registered Education Savings Plan (RESP) and request the Canada Education Savings Grant and/or the Canada Learning Bond.

Previously, the 4-in-1 Newborn Bundle allowed parents of newborns living in Ontario to register their child’s birth, request a birth certificate, apply for a Social Insurance Number for the child and apply for the Canada Child Benefit. By expanding the Newborn Bundle, the Government of Canada and the Government of Ontario are making it easier for parents to get a head start on saving for their child’s future education.

Quotes

“Making post-secondary education more affordable for all Canadians, especially those from low- and middle-income families, isn’t just the right thing to do—it’s the smart thing to do. Children with education savings are more likely to attend and complete post-secondary education and graduate with less debt. Helping more people access post-secondary education is a key way in which we can grow the economy and strengthen the middle class.”
– The Honourable Patty Hajdu, Minister of Employment, Workforce Development and Labour

“Ontario is the first province to bundle an Education Savings Referral Service for parents when registering their newborn. This important partnership with the Government of Canada will help children eligible for financial support towards their future education, receive it when they need it most.”
– The Honourable Tracy MacCharles, Ontario Minister of Government and Consumer Services

“Studies show children with a higher education experience a better quality of life, which is every parent’s wish. Through Ontario’s new 5-in-1 Newborn Bundle, families can choose to be contacted about education savings incentives like the Canada Learning Bond, which can provide up to $2,000 for a child’s post-secondary education.”
– Nathaniel Erskine-Smith, Member of Parliament for Beaches–East York

Quick facts

As of the end of December 2017, the Government of Canada had made over $1 billion in Canada Learning Bond payments into RESPs of low-income children since its launch in 2004.
Over $1 billion dollars in combined Canada Learning Bond and Canada Education Savings Grant payments were made into the RESPs of eligible Canadian children in 2017 alone.
In May 2017, the Government of Canada provided the millionth Canada Learning Bond in an RESP; helping 1 million Canadian children save for their post-secondary education.
Over 1.3 million births have been registered through the 4-in-1 Newborn Bundle since the application was launched in 2006.

Government of Canada partners with the Government of Ontario to add a new feature to the province’s Newborn Bundle Service

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