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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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Ramadan Begins: A Month of Reflection and Devotion

 

The Islamic holy month of Ramadan has officially begun, marked by the sighting of the crescent moon. This significant event in the Islamic calendar is observed by Muslims worldwide, who engage in a month-long period of fasting, prayer, and reflection.

Ramadan is the ninth month of the Islamic lunar calendar and is believed to be the time when the Quran was revealed to the Prophet Muhammad. During this month, Muslims fast from dawn to sunset, abstaining from food, drink, smoking, and sinful behavior. The fast is broken each evening with a meal called Iftar, which is often shared with family and friends

The start of Ramadan can vary depending on the sighting of the crescent moon, leading to different start dates in various countries. For instance, in Saudi Arabia, Ramadan began on March 1, while in other regions, it may start a day earlier or later.

Ramadan is a time for Muslims to strengthen their faith, practice self-discipline, and engage in acts of charity. It is also a period for increased prayer and recitation of the Quran. Many mosques offer special nightly prayers called Taraweeh, which are longer than the regular daily prayers.

As Muslims around the world embark on this sacred journey, the spirit of Ramadan fosters a sense of community, compassion, and spiritual growth. The month-long observance culminates in the celebration of Eid al-Fitr, a festive occasion marking the end of fasting and the beginning of a new month in the Islamic calendar.

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