Breaking News: RESP Bill gets Killed

Child-BabyWithhat.jpgThe RESP bill proposed by Dan McTeague which would allow RESP contributions to be tax-deductible like contributions to a Registered Retirement Savings Plan (RRSP) has been effectively killed. The House of Commons passed a confidence motion yesterday to that effect.

You can read more about the story here.

Preet Banerjee
Preet Banerjee an independent consultant to the financial services industry and a personal finance commentator. You can learn more about Preet at his personal website and you can click here to follow him on Twitter.
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  • Traciatim

    This is a great thing, it should have been done in the budget from the start. Now it will still be an issue for next year, but done properly and planned for.