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All (45) (10 to 20 of 45 results)

  • 11. Postsecondary education savings for children aged 17 and under, by region
    Table: 37-10-0190-01
    Geography: Canada, Geographical region of Canada, Province or territory
    Frequency: Occasional
    Description:

    Savings by parents and guardians for the postsecondary education of their children aged 17 and under, by region. Statistics presented include the percentage of children with postsecondary education savings, the percentage of children with savings who have a Registered Education Savings Plan (RESP), and the average dollar value of the RESP.

    Release date: 2020-09-24
  • 12. Postsecondary education savings for children aged 17 and under, by parental characteristics
    Table: 37-10-0191-01
    Geography: Canada
    Frequency: Occasional
    Description:

    Saving by parents and guardians for the postsecondary education of their children aged 17 and under, by parental characteristics. These parental characteristics include their age, the household income, their educational hope for the child, and their highest level of education. Statistics presented include the percentage of children with postsecondary education savings, the percentage of children with savings who have a Registered Education Savings Plan (RESP), and the average dollar value of the RESP.

    Release date: 2020-09-24
  • 13. Postsecondary education savings for children aged 17 and under, by child characteristics
    Table: 37-10-0192-01
    Geography: Canada
    Frequency: Occasional
    Description:

    Savings by parents and guardians for the postsecondary education of their children aged 17 and under, by child characteristics. These characteristics include their age, their sex, and their grade (percentage) when last in elementary or secondary school. Statistics presented include the percentage of children with postsecondary education savings, the percentage of children with savings who have a Registered Education Savings Plan (RESP), and the average dollar value of the RESP.

    Release date: 2020-09-24
  • 14. Why are Lower-income Parents Less Likely to Open an RESP Account? The Roles of Literacy, Education and Wealth
    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
  • 15. Household Contributions to Registered Savings Accounts (18) and Selected Household Characteristics (30) for Private Households of Canada, Provinces and Territories, Census Metropolitan Areas and Census Agglomerations, 2016 Census - 100% Data
    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
  • 16. Household contribution rates for selected registered savings accounts
    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
  • 17. Investments in Registered Education Savings Plans and Postsecondary Attendance Archived
    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
  • 18. Which Families Invest in Registered Education Savings Plans and Does It Matter for Postsecondary Enrolment? Archived
    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
  • 19. The Effects of Education on Canadians’ Retirement Savings Behaviour Archived
    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
  • 20. RRSP Contributors
    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 (2022) 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 (18)

Data (18) (0 to 10 of 18 results)

Analysis (22)

Analysis (22) (0 to 10 of 22 results)

  • 1. Distributions of household economic accounts for income, consumption, saving and wealth of Canadian households fourth quarter 2023
    Stats in brief: 11-001-X202410815681
    Description: Release published in The Daily – Statistics Canada’s official release bulletin
    Release date: 2024-04-17
  • 2. Registered retirement savings plan contributions 2022
    Stats in brief: 11-001-X20240933548
    Description: Release published in The Daily – Statistics Canada’s official release bulletin
    Release date: 2024-04-02
  • 3. Distributions of household economic accounts for wealth of Canadian households second quarter 2022
    Stats in brief: 11-001-X202227629484
    Description: Release published in The Daily – Statistics Canada’s official release bulletin
    Release date: 2022-10-03
  • 4. Registered education savings plan investments by family income and liquid wealth
    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
  • 5. Survey on Savings for Persons with Disabilities, 2020, American Sign Language Archived
    Stats in brief: 11-629-X2022002
    Description:

    This descriptive video provides an American Sign Language translation of the Daily for the Survey on Savings for Persons with Disabilities.

    Release date: 2022-04-04
  • 6. Inter-generational comparisons of household economic well-being
    Articles and reports: 13-605-X202000100006
    Description:

    This study of data from the Distributions of Household Economic Accounts compares households' economic well-being from a macro-economic accounts perspective, as measured by net saving and net worth for each generation when the major income earner for a household in one generation reached the same point in the life cycle as the major income earner for a household in another generation. The study finds that while younger generations have higher disposable income and higher consumption expenditure than older generations when they reached the same age, their net saving is relatively similar. As well, younger generations' economic well-being may be more at risk due to the COVID-19 pandemic since they depend more on employment as a primary source of income, they have higher debt relative to income, and they have less equity in financial and real estate assets from which to draw upon when needed.

    Release date: 2020-12-10
  • 7. Why are Lower-income Parents Less Likely to Open an RESP Account? The Roles of Literacy, Education and Wealth
    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
  • 8. Household contribution rates for selected registered savings accounts
    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
  • 9. Investments in Registered Education Savings Plans and Postsecondary Attendance Archived
    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
  • 10. Which Families Invest in Registered Education Savings Plans and Does It Matter for Postsecondary Enrolment? Archived
    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
Reference (2)

Reference (2) ((2 results))

  • 1. Income and Financial Data of Individuals, Preliminary T1 Family File
    Surveys and statistical programs – Documentation: 4106
    Description: This activity is conducted for the development and dissemination of annual small area economic data for Canadians.
  • 2. Survey on Savings for Persons with Disabilities
    Surveys and statistical programs – Documentation: 5315
    Description: The purpose of the Survey on Savings for Persons with Disabilities is to gather information about the knowledge and behaviours of Canadians with disabilities and their caregivers with regard to savings.
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