Financial resources invested in education

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  • Stats in brief: 11-001-X20232153308
    Description: Release published in The Daily – Statistics Canada’s official release bulletin
    Release date: 2023-08-03

  • Articles and reports: 36-28-0001202200900001
    Description:

    Registered Education Savings Plans (RESPs) are an important vehicle to help families save for postsecondary education. However, large differences in RESP savings persist between families of different income levels, despite targeted incentives aimed at encouraging low- and middle-income families to open RESP accounts and contribute to them. This article documents the differences in RESP contributions between families with different levels of income and liquid wealth.

    Release date: 2022-09-28

  • Articles and reports: 36-28-0001202200500003
    Description:

    Registered Education Savings Plans (RESPs) are part of the suite of government programs designed to encourage youth from traditionally low enrolment groups to consider postsecondary studies as a viable option. Since the mid-2000s, lower- and middle-income parents of children under age 18 have had strong financial incentives from government to open an RESP and make contributions. A previous study based on 2012 data showed that RESP holdings were most prevalent among high-income, high-wealth, and highly-educated parents. The purpose of the current study is to update these findings and to expand the analysis to include results by immigrant status, Indigenous identity, and province of residence.

    Release date: 2022-05-25

  • Articles and reports: 81-595-M2021002
    Description:

    The COVID-19 pandemic has impacted many segments of Canadian society, including post-secondary institutions given the uncertainty surrounding the enrolment of international students. With the current international travel restrictions in place in Canada and requests by health authorities to practice physical distancing, a large majority of universities were planning to utilize online learning as the primary teaching method for the entire 2020/21 academic year. Over the last decade, institutions have increasingly relied on international students' tuition fees as a revenue source. The aim of this paper was to assess, using projection scenarios, hypothetical financial losses for Canadian universities in the 2020/21 school year. These scenarios were based on a series of assumptions using forecasted international and domestic student registrations and recent trends in administrative and survey data.

    Release date: 2021-08-18

  • Stats in brief: 11-001-X202123031563
    Description: Release published in The Daily – Statistics Canada’s official release bulletin
    Release date: 2021-08-18

  • Articles and reports: 36-28-0001202100100003
    Description:

    This Insights article examines changes in parental expectations—between before and after the beginning of the COVID-19 lockdown—that their children will pursue postsecondary education. The study looks at whether parental expectations of their children to attain further education and their plans for helping their children with the financial aspects of postsecondary education—through savings and other means—have changed since the arrival of COVID-19. The analysis is based on the Survey of Approaches to Educational Planning (SAEP), conducted between February 2 and June 20, 2020. The sample includes children aged 17 and younger who had not yet started any postsecondary education and whose parent or legal guardian responded to the survey.

    Release date: 2021-01-27

  • Stats in brief: 45-28-0001202100100002
    Description:

    This article examines whether parental expectations of their children to attain further education and their plans for helping their children with the financial aspects of postsecondary education—through savings and other means—have changed since the arrival of COVID-19. The analysis is based on the Survey of Approaches to Educational Planning (SAEP), conducted between February 2 and June 20, 2020.

    Release date: 2021-01-27

  • Articles and reports: 11F0019M2020012
    Description:

    The Government of Canada offers various financial incentives for parents to save for their children’s postsecondary education by contributing to a Registered Education Savings Plan (RESP). However, RESP participation rates tend to rise substantially with family income, and previous research has demonstrated that family wealth was the single most important reason for this trend (among factors that could be examined). This study explores whether differences in parental literacy, numeracy and financial literacy can further account for some of the gap in RESP participation by level of family income.

    Release date: 2020-07-06

  • Stats in brief: 11-001-X202018822344
    Description: Release published in The Daily – Statistics Canada’s official release bulletin
    Release date: 2020-07-06

  • Articles and reports: 11-626-X2017071
    Description:

    This Economic Insights article documents the characteristics of families with children under the age of 18 who hold registered education savings plan (RESP) investments. The article also examines the relationship between holding an RESP account at age 15 and postsecondary enrolment between the ages of 19 and 27. The data are drawn from the 1999 and 2012 Survey of Financial Security and from the Youth in Transition Survey, Cohort A, linked to the T1 Family File. Postsecondary enrolment is derived from education deductions and tuition credits in the tax data.

    Release date: 2017-04-12
Reference (9)

Reference (9) ((9 results))

  • Surveys and statistical programs – Documentation: 3119
    Description: The objective of this annual survey is to collect financial information on school boards and districts across Canada. These financial statistics are collected from each province and territory and are converted to a standard classification and to a calendar year. School board expenditures include both operating and capital spending. Operating expenditures are salaries, benefits, supplies and services, fees and contractual services, and other operating costs. These expenses can be further broken down by function (instruction, administration, transportation, school facilities and other categories).

  • Surveys and statistical programs – Documentation: 3120
    Description: The objective of this survey is to collect financial information on private schools. These data also represent inputs in the determination of total consolidated elementary and secondary revenues and expenditures.

  • Surveys and statistical programs – Documentation: 3121
    Description: The purpose of the survey is to collect financial information (income and expenditures) concerning all universities and degree-granting colleges across the country.

  • Surveys and statistical programs – Documentation: 3140
    Description: The purpose of this survey is to collect data on federal government expenditures in support of education.

  • Surveys and statistical programs – Documentation: 3141
    Description: The purpose of this survey is to collect education related financial data on all reform and correctional institutions in Canada. These data are used to supplement data collected from the Provincial Public Accounts on provincial expenditures on education.

  • Surveys and statistical programs – Documentation: 3144
    Description: The Education Price Index (EPI) is used as the main deflator of elementary and secondary expenditures. It is used to put into constant dollars, school board expenditures including teachers' salaries which is the main component.

  • Surveys and statistical programs – Documentation: 3146
    Description: The purpose of the survey is to collect financial information (income and expenditures) concerning all non-degree-granting community colleges and public vocational schools across the country.

  • Surveys and statistical programs – Documentation: 4442
    Description: The primary objective of the Survey of Approaches to Educational Planning (SAEP) is to improve our understanding of the processes by which the parents/guardians of children aged 0-17 marshal the monetary and non-monetary resources needed to successfully pursue post-secondary education.

  • Surveys and statistical programs – Documentation: 5102
    Description: The Elementary-Secondary Education Survey (ESES) is a national survey of administrative data that focuses primarily on public schools. It also collects some information pertaining to private/independent schools, as well as home-schooling. The ESES collects the following data for elementary and secondary schools: the number of students enrolled, the number of secondary school graduates, along with information on educators, and expenditures.
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