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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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Ottawa and Ontario Reach Deal to Clear Path for Highway 413 Project

 


In a significant development, Ontario and the federal government have announced a deal that will allow the contentious Highway 413 project to move forward. Here are the key details:

  • Project Assessment Set Aside: The Federal Court ruled that the assessment of Ontario’s Highway 413 project can be set aside. As a result, the highway project can proceed without a full-fledged federal environmental assessment.

  • Collaborative Process: Officials from both levels of government have agreed to a collaborative process to address issues related to federal species at risk throughout the project planning in Ontario. This approach aims to ensure that environmental impacts are minimized while considering critical habitats for species such as the Western chorus frog and the red-headed woodpecker.

  • Federal Court Approval: The Federal Court has canceled the project’s designation under the Impact Assessment Act. A joint consent order filed by both governments on March 20 requested the discontinuation of the federal environmental assessment for the project.

  • Working Group: An essential step involves the establishment of a joint working group between the Ontario transportation ministry and the Impact Assessment Agency of Canada. This group will recommend measures to mitigate environmental impacts within areas of federal environmental jurisdiction. Their collective expertise will guide the project as it moves into the design stage.

  • Ontario’s Commitment: Ontario’s own environmental assessment process is already underway, and the province remains committed to constructing projects that minimize environmental impacts. Transportation Minister Prabmeet Sarkaria expressed optimism about moving forward with the Highway 413 project, emphasizing that a federal environmental assessment would have caused significant delays.

This agreement marks a pivotal moment for Ontario, providing much-needed clarity and momentum for the Highway 413 initiative. With the roadblock cleared, the province aims to commence work on the project within the next year. The proposed route for Highway 413 will traverse parts of the Greenbelt, connecting the existing 400 and 401 highways in the northern and western regions of the Greater Toronto Area.

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