Budget 2023 also proposed changes to allow divorced or separated parents to open joint RESPs
Finance Minister Chrystia Freeland has promised targeted inflation relief for low-income Canadians
New products include target-date RESP funds, covered calls and high-interest savings
A court dismissed the proposed suit involving hospital workers selling new mothers' contact information to RESP dealer reps
The Crown corporation also introduced changes for deposits held in trust or placed through financial advisors
The funds are versatile enough to bolster both education accounts and post-graduation accounts
Without a strategy, clients with large plans could be heavily taxed on payments
About half of Canadian parents use the savings tool, a Canada Life survey finds
More than 40% of parents say the pandemic has hindered their ability to save
Carrie Russell takes the helm at the RESP provider