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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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Canada Post Cuts 50 Managerial Positions Amid Financial Struggles

 

Canada Post has announced the layoff of nearly 50 managers as part of a broad corporate restructuring aimed at curbing ongoing financial losses. The Crown corporation, which has faced years of operational and fiscal challenges, confirmed that about half of the impacted managers are based in Ottawa, with the remainder located in Toronto and other regions across the country.

Officials stated that these difficult decisions were made in response to what they described as a “critical financial situation” and “significant operational challenges.” The move follows earlier restructuring efforts—including the elimination of 20 percent of senior roles—to streamline processes and reduce overhead costs, while a federal loan of roughly $1 billion provides temporary financial relief to keep the service running smoothly.

Despite the management cuts, Canada Post assures Canadians that there will be no disruption in mail and parcel services. However, the decision has raised concerns among union representatives, who have long argued that too many managerial positions exist within the organization. As the postal service continues its efforts to modernize and return to financial health, further adjustments may be on the horizon.

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