Noah Lundy

In Canada, post-secondary costs can top $30K yearly once tuition, rent, food, transportation, and books are included, making early family planning increasingly important.
Before paying, families should decide whether tuition support is a gift or loan; gifts carry no repayment, while loans need clear terms.
Many parents require students to work because savings fall short; parents have saved ~$20K per child, versus ~$75K for a four-year on-campus degree.
Education savings accounts are widely known, but confidence can lag. Even small monthly deposits can unlock government matching, with ~$2.5K yearly maximizing a ~$500 grant.
Experts recommend starting early, contributing affordable amounts, inviting relatives to give education gifts, and regularly reviewing how parents and students will split costs.

Canada's University Costs Pass $105K

In Canada, post-secondary costs can exceed >$30K yearly once tuition, rent, food, transportation, and books are included, making upfront family planning especially important.
Parents and students benefit from deciding early whether tuition support is a gift or loan, then setting expectations on repayment, interest, and review points.
Many families have saved only ~$20K per child, far below the ~$75K avg. cost of a 4-yr Canadian degree with residence currently.
Education savings accounts can unlock a federal match of ~20%; experts said even small monthly deposits help families start earlier and build confidence.
Contributing $2.5K yearly from birth over 18 yr was presented as enough for a 4-yr program, even with residence and out-of-province costs.