RESP grants favour higher-income families

A study of the Canada Education Savings Program shows that it’s helping higher-income families much more than struggling households, reports CBC News.

The findings support UBC economist Kevin Milligan’s position, according to the article. In 2002 and 2008, Milligan said that the grants disproportionately benefit high-income families that are 3½ times more likely to have an RESP than low-income families.

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