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Start Saving Now for September: Your RESP Checklist Before the School Year Hits

  Canadian Money Brief · Family Finance September feels a long way off on July 1. That's exactly why now is the right time to look at your child's RESP — not in late August when the school supply list arrives and the grant math gets rushed. If you have a Registered Education Savings Plan (or you've been meaning to open one), here's what to check right now, and why the calendar year — not the school year — is what actually matters. Why July, Not August The Canada Education Savings Grant (CESG) — the government's 20% match on RESP contributions — runs on the calendar year , not the school year. Grant room for 2026 resets on a January-to-December basis, and it doesn't carry any special "back to school" deadline. But summer is genuinely the best time to check your numbers, for three reasons: You still have six full months left in the year to top up if you're behind. Contributions made now have more time to grow before your child needs the money. You av...
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Israel’s War Cabinet Deliberates: Responding to Iran’s Unprecedented Attack

 

Israel’s war cabinet convened urgently to address the unprecedented drone and missile attack launched by Iran. The situation has escalated tensions in the Middle East, leaving the world on edge.

On Saturday night, Iran unleashed a barrage of more than 300 drones and missiles toward Israeli territory. The Israeli military, with support from the US, UK, France, and other allies, successfully thwarted most of these attacks before they reached their targets. Fortunately, no casualties were reported, and the damage remained limited.

However, the gravity of the situation cannot be ignored. Israel’s military chief of staff, Lt Gen Herzi Halevi, asserted that Iran’s actions would not go unanswered. Speaking from the Nevatim air base in southern Israel, which sustained damage during the attack, Lt Gen Halevi emphasized that the launch of so many missiles and unmanned aerial vehicles (UAVs) would indeed prompt a response. Yet, the specifics of that response remain undisclosed.

Analysts speculate on Israel’s potential moves. They range from a limited cyberattack or targeted infrastructure strike—designed to send a clear signal without provoking a full-scale military response—to more extensive actions. The war cabinet’s deliberations aim to strike a delicate balance between asserting Israel’s security interests and avoiding further escalation.

World leaders have urged restraint. US President Joe Biden reaffirmed “America’s ironclad commitment to the security of Israel” but also emphasized the need for a ceasefire to bring home the 130 hostages still held in Gaza since October 7. The US, however, declined to participate in any counter-strike against Iran.

British Prime Minister Rishi Sunak echoed this sentiment, calling on “all sides” to show restraint. As tensions persist, the international community closely watches the unfolding situation in the Middle East.

Separately, violence continues in the occupied West Bank following the killing of an Israeli teenager, Benjamin Achimeir. His disappearance while tending to sheep near Ramallah has added to the region’s instability.

As Israel’s war cabinet weighs its response, the world holds its breath, hoping for de-escalation and a path toward peace.

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