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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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Starbucks Announces Layoffs Amid Operational Streamlining

 

Starbucks has announced plans to lay off 1,100 corporate employees globally as part of a broader effort to streamline operations under the leadership of new Chairman and CEO Brian Niccol. In a letter to employees released on Monday, Niccol outlined the company's intent to operate more efficiently, increase accountability, reduce complexity, and drive better integration.

The layoffs will affect corporate support employees, but baristas and other store-level staff will not be impacted. Additionally, several hundred open and unfilled positions will be eliminated. Niccol emphasized the need for all work to be overseen by decision-makers to reduce the complexity of Starbucks' structure and eliminate silos that hinder communication.

Niccol, who was hired last fall to address sluggish sales, has also implemented changes to improve service times, particularly during the morning rush, and re-establish Starbucks locations as community gathering places. The company is also cutting items from its menu and experimenting with ordering algorithms to better manage its mix of mobile, drive-thru, and in-store orders.

Despite a 2% decline in global same-store sales during its 2024 fiscal year, Starbucks has seen positive results from recent changes, including the decision to stop charging extra for non-dairy milk and streamlining the menu. These efforts have boosted store traffic and improved service, leading to a modest increase in Starbucks' shares.



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