Support for Families Saving for Post-Secondary Education

Yesterday Prime Minister Harper announced that a re-elected Conservative government would provide more support to hardworking Canadian families saving for their children’s post-secondary education. This is great news for thousands of parents in Edmonton-Strathcona whose children are heading off to university and college this fall.

 

One of the main reasons I am campaigning to become your Conservative MP for Edmonton-Strathcona is because our Conservative Government has consistently cut taxes and put more money back into the pockets of every Canadian family. From cutting the GST from 7 to 5 percent to providing income splitting for families and seniors, our government has reduced the overall household tax burden to the lowest level in half a century.

 

Yesterday’s announcement would double the targeted Canada Education Savings Grants – the grants provided to low- and middle-income families through RESPs – by doubling the matching federal contributions for middle-income families from 10 cents to 20 cents per dollar on the first $500 contributed each year, and from 20 cents to 40 cents per dollar on the first $500 contributed each year for lower-income families. This will ultimately provide as much as $2,200 more per student in matching government support.

 

This builds on several other measures our Conservative government has already brought in to help with the costs of a child’s future education, including establishing the Canada Student Grants, reforming the Canada Student Loan Program and providing tax relief for scholarship funding and textbooks. All this helps thousands of parents in Edmonton-Strathcona, my wife Barb and I included, because our son just started his first year at the University of Alberta last week!

 

Linda Duncan and Thomas Mulcair’s NDP and Justin Trudeau’s Liberals would raise spending, debt, and taxes, reduce families’ take-home pay, and ultimately leave less money in Canadians’ pockets to save for important things like college or university. It’s a clear choice for voters in Edmonton-Strathcona between proven Conservative economic leadership and the risky, expensive and unaffordable promises of the other parties.

Leave a Reply

Your email address will not be published. Required fields are marked *