Canada Education Savings Act
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Canada Education Savings Act
The ''Canada Education Savings Act'' (french: Loi canadienne sur l’épargne-études, CESA) is an Act of the Parliament of Canada. It is intended to provide financial assistance for post-secondary education savings. The first version of the law was assented to on 15 December 2004. Most sections of the act entered into force on 1 July 2005. Content The law organizes the incentives programs provided by the Government of Canada for post-secondary education savings. As of 2020 these programs include: * The Canada Education Savings Grant (CESG) a matching contribution made by the government towards contributions made to a Registered Education Savings Plan ; * The Canada Learning Bond (CLB) an additional grant available to low-income families. Legislative history The ''Canada Education Savings Act'' was adopted on third reading on 7 December 2004 by a large majority of 273 votes for (from both Liberal, Conservative and Bloc Bloc may refer to: Government and politics * Pol ...
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Parliament Of Canada
The Parliament of Canada (french: Parlement du Canada) is the federal legislature of Canada, seated at Parliament Hill in Ottawa, and is composed of three parts: the King, the Senate, and the House of Commons. By constitutional convention, the House of Commons is dominant, with the Senate rarely opposing its will. The Senate reviews legislation from a less partisan standpoint and may initiate certain bills. The monarch or his representative, normally the governor general, provides royal assent to make bills into law. The governor general, on behalf of the monarch, summons and appoints the 105 senators on the advice of the prime minister, while each of the 338 members of the House of Commons – called members of Parliament (MPs) – represents an electoral district, commonly referred to as a ''riding'', and are elected by Canadian voters residing in the riding. The governor general also summons and calls together the House of Commons, and may prorogue or dissolve Parliament, ...
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Government Of Canada
The government of Canada (french: gouvernement du Canada) is the body responsible for the federal administration of Canada. A constitutional monarchy, the Crown is the corporation sole, assuming distinct roles: the executive, as the ''Crown-in-Council''; the legislature A legislature is an assembly with the authority to make law Law is a set of rules that are created and are enforceable by social or governmental institutions to regulate behavior,Robertson, ''Crimes against humanity'', 90. with its p ..., as the ''Crown-in-Parliament''; and the courts, as the ''Crown-on-the-Bench''. Three institutions—the Privy Council ( conventionally, the Cabinet); the Parliament of Canada; and the Judiciary of Canada, judiciary, respectively—exercise the powers of the Crown. The term "Government of Canada" (french: Gouvernement du Canada, links=no) more commonly refers specifically to the executive—Minister of the Crown, ministers of the Crown (the Cabinet) and th ...
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Canada Education Savings Grant
The Canada Education Savings Grant (french: Subvention canadienne pour l’épargne-études, CESG) is part of a Government of Canada program, administered through Employment and Social Development Canada, to assist with savings for Canadian children's higher education. Under the CESG program, the government will contribute an amount to a Registered Education Savings Plan (RESP) according to a formula which is dependent on the amount contributed and the income level of the family making the contributions. As of 1 July 2005, the CESG is legislated by the '' Canada Education Savings Act''. Program The grant payment is at least 20% of the total annual contributions up to $2500 per child. For lower income families, the grant may be up to 40% on the first $500, and 20% on the balance over that amount. The maximum lifetime grant limit is $7200. Upon high school graduation, the child beneficiary may use the grant money to support either full-time or part-time studies in an apprenticeship pr ...
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Registered Education Savings Plan
A registered education savings plan (RESP) in Canada is an investment vehicle available to caregivers to save for their children's post-secondary education. The principal advantages of RESPs are the access they provide to the Canada Education Savings Grant (CESG) and as a method of generating tax-deferred income. Tax benefits An RESP is a tax shelter designed to benefit post-secondary students. With an RESP, contributions (comprising the investment's principal) are, or have already been, taxed at the contributor's tax rate, while the investment growth (and CESG) is taxed on withdrawal at the recipient's tax rate. An RESP recipient is typically a post-secondary student; these individuals generally pay little or no federal income tax, owing to tuition and education tax credits. Thus, with the tax-free principal contribution available for withdrawal, CESG, and nearly-tax-free interest, the student will have a good source of income to fund their post-secondary education. If the benefi ...
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Canada Learning Bond
The Canada Learning Bond (french: Bon d'études canadien, CLB) is a grant paid by the government of Canada to assist low-income families with saving money for their children's post-secondary education. The CLB relies primarily on the National Child Benefit (NCB) program to determine which families may be eligible and the tax regulations for the Registered Education Savings Plan (RESP) to guide the eventual use of the CLB funds. As of 1 July 2005, the CLB is legislated by the '' Canada Education Savings Act''. History As part of the 2004 Canadian federal budget, the Minister of Finance Ralph Goodale introduced the Canada Learning Bond as a way to encourage low-income families to use a RESP for saving money to be used for a child's post-secondary education.Department of Finance Canada (2004, March 23). ''Learning: Cornerstone of Canada's economic and social progress''. Retrieved June 22, 2008, from http://www.fin.gc.ca/budget04/pamph/paleae.htm The maximum net benefit outlined pe ...
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Liberal Party Of Canada
The Liberal Party of Canada (french: Parti libéral du Canada, region=CA) is a federal political party in Canada. The party espouses the principles of liberalism,McCall, Christina; Stephen Clarkson"Liberal Party". ''The Canadian Encyclopedia''. and generally sits at the centre to centre-left of the Canadian political spectrum, with their rival, the Conservative Party, positioned to their right and the New Democratic Party, who at times aligned itself with the Liberals during minority governments, positioned to their left. The party is described as "big tent",PDF copy
at UBC Press.
practising "brokerage politics", attracting support from a broad spectrum of voters. The Liberal Party is the longest-serving and oldest active federal political party in the country, and has dominated federal

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Conservative Party Of Canada
The Conservative Party of Canada (french: Parti conservateur du Canada), colloquially known as the Tories, is a federal political party in Canada. It was formed in 2003 by the merger of the two main right-leaning parties, the Progressive Conservative Party (PC Party) and the Canadian Alliance, the latter being the successor of the Western Canadian-based Reform Party. The party sits at the centre-right to the right of the Canadian political spectrum, with their federal rival, the Liberal Party of Canada, positioned to their left. The Conservatives are defined as a "big tent" party, practising "brokerage politics" and welcoming a broad variety of members, including "Red Tories" and " Blue Tories". From Canadian Confederation in 1867 until 1942, the original Conservative Party of Canada participated in numerous governments and had multiple names. However, by 1942, the main right-wing Canadian force became known as the Progressive Conservative Party. In the 1993 federal el ...
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Bloc Québécois
The Bloc Québécois (BQ; , "Québécois people, Quebecer Voting bloc, Bloc") is a list of federal political parties in Canada, federal political party in Canada devoted to Quebec nationalism and the promotion of Quebec sovereignty movement, Quebec sovereignty. The Bloc was formed by Member of Parliament (Canada), Members of Parliament (MPs) who defected from the federal Progressive Conservative Party of Canada, Progressive Conservative Party and Liberal Party of Canada, Liberal Party during the collapse of the Meech Lake Accord. Founder Lucien Bouchard was a cabinet minister in the federal Progressive Conservative government of Brian Mulroney. The Bloc seeks to create the conditions necessary for the political secession of Quebec from Canada and campaigns actively only within the province during federal elections. The party has been described as social democratic and separatist (or "sovereigntist"). The Bloc supports the Canada and the Kyoto Protocol, Kyoto Protocol, Abortion in ...
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New Democratic Party
The New Democratic Party (NDP; french: Nouveau Parti démocratique, NPD) is a federal political party in Canada. Widely described as social democratic,The party is widely described as social democratic: * * * * * * * * * * * * the party occupies the left, to centre-left on the political spectrum, sitting to the left of the Liberal Party. The party was founded in 1961 by the Co-operative Commonwealth Federation (CCF) and the Canadian Labour Congress (CLC). The federal and provincial (or territorial) level NDPs are more integrated than other political parties in Canada, and have shared membership (except for the New Democratic Party of Quebec). The NDP has never won the largest share of seats at the federal level and thus has never formed government. From 2011 to 2015, it formed the Official Opposition, but apart from that, it has been the third or fourth-largest party in the House of Commons. However, the party has held considerable influence during periods o ...
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Human Resources Development Canada
The Department of Human Resources Development, also referred to as Human Resources Development Canada (HRDC), was a department of the Government of Canada with the responsibility over a wide portfolio of social services. HRDC was based at a government office facility at Place du Portage IV in Gatineau (formerly downtown Hull, Quebec). History HRDC was created in 1993 by Prime Minister Kim Campbell's government in an attempt to decrease the size of the federal cabinet by grouping several departments with similar responsibilities. In the case of HRDC, the former Department of Employment and Immigration formed its nucleus. HRDC's creation was probably the most enduring decision taken by Campbell's short-lived administration. The new department, however was poorly focused and had a wide range of institutional cultures from the merged bureaucracies; it also had one of the larger departmental budgets and a variety of responsibilities ranging from the Unemployment Insurance program to ...
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Canadian Federal Legislation
Canadians (french: Canadiens) are people identified with the country of Canada. This connection may be residential, legal, historical or cultural. For most Canadians, many (or all) of these connections exist and are collectively the source of their being ''Canadian''. Canada is a multilingual and multicultural society home to people of groups of many different ethnic, religious, and national origins, with the majority of the population made up of Old World immigrants and their descendants. Following the initial period of French and then the much larger British colonization, different waves (or peaks) of immigration and settlement of non-indigenous peoples took place over the course of nearly two centuries and continue today. Elements of Indigenous, French, British, and more recent immigrant customs, languages, and religions have combined to form the culture of Canada, and thus a Canadian identity. Canada has also been strongly influenced by its linguistic, geographic, and e ...
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Canadian Administrative Law
Canadian administrative law is the body of law that addresses the actions and operations of governments and governmental agencies in Canada. That is, the law concerns the manner in which courts can review the decisions of administrative decision makers such as a board, tribunal, commission, agency, or Crown minister, while exercising ministerial discretion. Administrative law is concerned primarily with the legality of administrative decision making and with issues of procedural fairness (rights for those affected by the decision to participate in the decision making process). Administrative law concerns the interpretation of statutes and rules of government operations. Courts, when applying administrative law, look to ensure that administrative or governmental actors and bodies observe and act within the legal limits on their authority. Sources of law The powers of an administrative decision-maker ("ADM") are primarily created by statute, which is known as the "enabling sta ...
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