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All (34) (0 to 10 of 34 results)

  • 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

  • Table: 36-10-0587-01
    (formerly: CANSIM 378-0152)
    Geography: Canada
    Frequency: Annual
    Description:

    This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada);  Statistics (4 items: Value; Distribution of value; Value per household; Value per consumption unit);  Characteristics (21 items: All households; Lowest income quintile; Second income quintile; Third income quintile; ...);  Income, consumption and savings (23 items: Household disposable income; Compensation of employees; Net mixed income; Property income received; ...).

    Release date: 2020-06-26

  • Table: 36-10-0588-01
    (formerly: CANSIM 378-0153)
    Geography: Canada, Province or territory
    Frequency: Annual
    Description:

    Geography (14 items: Canada; Newfoundland and Labrador; Prince Edward Island; Nova Scotia; ...);  Statistics (4 items: Value; Distribution of value; Value per household; Value per consumption unit);  Characteristics (1 item: All households);  Income, consumption and savings (23 items: Household disposable income; Compensation of employees; Net mixed income; Property income received; ...).

    Release date: 2020-06-26

  • Table: 36-10-0112-01
    (formerly: CANSIM 380-0072)
    Geography: Canada
    Frequency: Quarterly
    Description: Quarterly current and capital accounts for the household sector, including property income, disposable income, net saving and net lending, Canada.
    Release date: 2020-05-29

  • Stats in brief: 98-200-X2016013
    Description:

    This Census in Brief examines household contributions to registered retirement savings plans (RRSPs), registered pension plans (RPPs), and tax-free savings accounts (TFSAs) in 2015. Contribution patterns are analyzed by age, income, and region to provide some insight into the savings behaviour of Canadian households.

    Release date: 2017-09-13

  • Table: 98-400-X2016103
    Geography: Province or territory, Census metropolitan area, Census agglomeration, Census metropolitan area part, Census agglomeration part
    Description:

    This table presents household contributions to registered savings accounts and selected household characteristics for private households of Canada, provinces and territories, census metropolitan areas and census agglomerations.

    Release date: 2017-09-13

  • 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

  • Articles and reports: 11F0019M2017392
    Description:

    The registered education savings plan (RESP) savings vehicle is designed to encourage parents of school-age children to save for their children’s postsecondary education through tax sheltered earnings on contributions, as well as through additional contributions from the federal government. No recent evidence exists on the characteristics of RESP holders, and little exists on the association between having an RESP and enrolling in postsecondary education.

    This study makes three contributions to the literature. First, it documents differences in RESP holdings by family income and how these have evolved over time. Second, it decomposes these differences (particularly between the top and bottom quintiles of family income) into portions that are related to differences in key determinants of RESP participation (e.g., family wealth and parental education). And, third, it examines the relationship between having an RESP account and attending a postsecondary institution.

    Release date: 2017-04-12

  • Articles and reports: 11F0019M2017391
    Description:

    This paper assesses the extent to which education affects how Canadians save and accumulate wealth for retirement. The paper makes three contributions. First, a descriptive analysis is presented of differences in savings and home values across individuals based on their levels of educational attainment. To this end, new datasets that link survey respondents from the 1991 and 2006 censuses of Canada to their administrative tax records are used. These data provide a unique opportunity to jointly observe education, savings, home values, and a plethora of other factors of relevance. Second, the causal effect of high school completion on savings rates in tax-preferred accounts is estimated, exploiting compulsory schooling reforms in the identification. Third, building on a recent study by Messacar (2015), education is also found to affect how individuals re-optimize their savings rates in response to an automatic change in pension wealth accumulation. The implications of this study’s findings for the “nudge paradigm” in behavioural economics are discussed.

    Release date: 2017-03-27

  • 17C0006
    Description:

    Annual information is available on Canadian taxfilers who contributed to a Registered Retirement Savings Plan (RRSP) during the tax year. Data include the total number of taxfilers reporting RRSP contributions, their average age, their median employment income, the total and median contributions and the percentage of contributors or contributions by age group, income group and sex.

    Data for some geographic areas are available starting in 1990. The latest data (2018) can be requested for selected levels of postal and census geographies. The statistics are derived from a preliminary version of the annual taxfile provided by the Canada Revenue Agency.

    Release date: 2017-02-24
Data (14)

Data (14) (0 to 10 of 14 results)

  • Table: 36-10-0587-01
    (formerly: CANSIM 378-0152)
    Geography: Canada
    Frequency: Annual
    Description:

    This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada);  Statistics (4 items: Value; Distribution of value; Value per household; Value per consumption unit);  Characteristics (21 items: All households; Lowest income quintile; Second income quintile; Third income quintile; ...);  Income, consumption and savings (23 items: Household disposable income; Compensation of employees; Net mixed income; Property income received; ...).

    Release date: 2020-06-26

  • Table: 36-10-0588-01
    (formerly: CANSIM 378-0153)
    Geography: Canada, Province or territory
    Frequency: Annual
    Description:

    Geography (14 items: Canada; Newfoundland and Labrador; Prince Edward Island; Nova Scotia; ...);  Statistics (4 items: Value; Distribution of value; Value per household; Value per consumption unit);  Characteristics (1 item: All households);  Income, consumption and savings (23 items: Household disposable income; Compensation of employees; Net mixed income; Property income received; ...).

    Release date: 2020-06-26

  • Table: 36-10-0112-01
    (formerly: CANSIM 380-0072)
    Geography: Canada
    Frequency: Quarterly
    Description: Quarterly current and capital accounts for the household sector, including property income, disposable income, net saving and net lending, Canada.
    Release date: 2020-05-29

  • Table: 98-400-X2016103
    Geography: Province or territory, Census metropolitan area, Census agglomeration, Census metropolitan area part, Census agglomeration part
    Description:

    This table presents household contributions to registered savings accounts and selected household characteristics for private households of Canada, provinces and territories, census metropolitan areas and census agglomerations.

    Release date: 2017-09-13

  • Table: 36-10-0158-01
    (formerly: CANSIM 380-0523)
    Geography: Canada
    Frequency: Annual
    Description: Historical: Income and outlay account, persons and unincorporated business, outlay, based on the 1968 System of National Accounts international standards, 1926 to 1986.
    Release date: 2016-11-30

  • Table: 36-10-0139-01
    (formerly: CANSIM 380-0503)
    Geography: Canada
    Frequency: Quarterly
    Description: Historical: Sources and disposition of gross saving, based on the 1968 System of National Accounts international standards. First quarter of 1947 to second quarter of 1997.
    Release date: 2015-12-23

  • Table: 36-10-0140-01
    (formerly: CANSIM 380-0504)
    Geography: Canada
    Frequency: Quarterly
    Description: Historical: Sources and disposition of personal income, based on the 1968 System of National Accounts international standards. First quarter of 1947 to second quarter of 1997.
    Release date: 2015-12-23

  • Public use microdata: 18-505-X
    Description:

    The Canadian Financial Capability Survey (CFCS) is sponsored by Human Resources and Skills Development Canada, Finance Canada and the Financial Consumer Agency of Canada. Specifically, the survey will shed light on Canadians' knowledge, abilities and behaviour concerning financial decision-making. In other words, how Canadians understand their financial situation, the financial services available to them and their plans for the future. The survey is designed to collect information surrounding respondents' approaches to day-to-day money management and budgeting, longer term money management and general financial planning.

    Release date: 2015-03-23

  • Table: 36-10-0322-01
    (formerly: CANSIM 384-0012)
    Geography: Canada, Province or territory
    Frequency: Annual
    Description:

    This table contains 248 series, with data for years 1981 - 2010 (not all combinations necessarily have data for all years), and was last released on 2012-11-19. This table contains data described by the following dimensions (Not all combinations are available): Geography (16 items: Canada; Newfoundland and Labrador; Prince Edward Island; Nova Scotia ...), Sources and disposition of personal income (16 items: Personal savings; Personal disposable income; Personal income; Wages; salaries and supplementary labour income (national basis) ...).

    Release date: 2012-11-19

  • Table: 36-10-0323-01
    (formerly: CANSIM 384-0013)
    Geography: Canada, Province or territory
    Frequency: Annual
    Description:

    This table contains 105 series, with data for years 1981 - 2010 (not all combinations necessarily have data for all years), and was last released on 2012-11-19. This table contains data described by the following dimensions (Not all combinations are available): Geography (15 items: Canada; Nova Scotia; Prince Edward Island; Newfoundland and Labrador ...).

    Release date: 2012-11-19
Analysis (16)

Analysis (16) (0 to 10 of 16 results)

  • 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: 98-200-X2016013
    Description:

    This Census in Brief examines household contributions to registered retirement savings plans (RRSPs), registered pension plans (RPPs), and tax-free savings accounts (TFSAs) in 2015. Contribution patterns are analyzed by age, income, and region to provide some insight into the savings behaviour of Canadian households.

    Release date: 2017-09-13

  • 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

  • Articles and reports: 11F0019M2017392
    Description:

    The registered education savings plan (RESP) savings vehicle is designed to encourage parents of school-age children to save for their children’s postsecondary education through tax sheltered earnings on contributions, as well as through additional contributions from the federal government. No recent evidence exists on the characteristics of RESP holders, and little exists on the association between having an RESP and enrolling in postsecondary education.

    This study makes three contributions to the literature. First, it documents differences in RESP holdings by family income and how these have evolved over time. Second, it decomposes these differences (particularly between the top and bottom quintiles of family income) into portions that are related to differences in key determinants of RESP participation (e.g., family wealth and parental education). And, third, it examines the relationship between having an RESP account and attending a postsecondary institution.

    Release date: 2017-04-12

  • Articles and reports: 11F0019M2017391
    Description:

    This paper assesses the extent to which education affects how Canadians save and accumulate wealth for retirement. The paper makes three contributions. First, a descriptive analysis is presented of differences in savings and home values across individuals based on their levels of educational attainment. To this end, new datasets that link survey respondents from the 1991 and 2006 censuses of Canada to their administrative tax records are used. These data provide a unique opportunity to jointly observe education, savings, home values, and a plethora of other factors of relevance. Second, the causal effect of high school completion on savings rates in tax-preferred accounts is estimated, exploiting compulsory schooling reforms in the identification. Third, building on a recent study by Messacar (2015), education is also found to affect how individuals re-optimize their savings rates in response to an automatic change in pension wealth accumulation. The implications of this study’s findings for the “nudge paradigm” in behavioural economics are discussed.

    Release date: 2017-03-27

  • Articles and reports: 11-622-M2013029
    Geography: Canada
    Description:

    Population aging and the recent global financial crisis underscore the importance of the discussions of the adequacy of retirement preparation in Canada and the soundness of the Canadian retirement income system. The focus of this study is to examine whether the accumulated private savings of Canadian households is adequate for their retirement, given their expected entitlement to public and private pension when they retire.

    Release date: 2013-06-14

  • Articles and reports: 81-004-X201100111432
    Description:

    The value of education and the benefits that flow from it are substantial for many Canadian families. Previous research has found that Canadian parents are strongly committed to their children's postsecondary education. However, many parents of children under the age of 18 are confronted with a number of competing savings priorities. Based on data from the 2009 Canadian Financial Capability Survey (CFCS), this article examines who saves for postsecondary education and how they do so.

    Release date: 2011-05-19

  • Articles and reports: 75-001-X200510313138
    Geography: Canada
    Description:

    The national savings rate has been oscillating around historic lows for several years, prompting concerns about the resilience of a macro-level economy increasingly reliant on debt-financed consumer spending. Many are also troubled by the balance sheets of households, where ever-expanding debt has rapidly outpaced earnings growth. The resulting record-high, debt-to-income ratios leave households more vulnerable to interruptions in income. This article examines changes in saving and spending patterns over 20 years, and differences in the characteristics and spending patterns of saving versus spending households.

    Release date: 2005-06-20

  • Articles and reports: 75-001-X200410713123
    Geography: Canada
    Description:

    This study looks at the decision of parents to save, and amounts saved, for the future education of children aged under 19 years in 2002. A model is used to estimate cumulative parental savings, taking into consideration characteristics of the family and the child, aspirations and involvement of parents, awareness of saving incentive programs, and expectations about grant programs.

    Release date: 2004-09-21

  • Articles and reports: 75-001-X20010126037
    Geography: Canada
    Description:

    This report focuses on employer pension plan assets, together with other private pension assets such as registered retirement savings plans. It also presents estimates of net worth, including the value of employer pension plan benefits.

    Release date: 2001-12-17
Reference (1)

Reference (1) ((1 result))

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