ExpiredServicesAmended (7x)

Request for Information - Provision of Registered Education Savings Plans to the Government of Canada for the delivery of the Canada Learning Bond

Demande de renseignement - Administration de Régimes Enregistrés d'Épargne-Études pour le gouvernement du Canada aux fins de la prestation du Bon d'Études Canadien

Description

Amendment #1 to the RFI is raised to: 1. Add a clarification to question # 3; 2. Remove the requirement that the Statement of account is to be provided on a near real-time basis; 3. Extend the deadlines. The Canada Education Savings Program (CESP), at Employment and Social Development Canada (ESDC), helps make post-secondary education (PSE) more affordable by encouraging early planning and saving. The Government of Canada encourages Canadians to open a Registered Education Savings Plan (RESP) at a financial organization to save for a child's PSE. In addition, the Government offers education savings benefits through RESPs, specifically the Canada Learning Bond (CLB) and the Canada Education Savings Grant (CESG). Savings grow tax-free until the person named in the RESP (i.e., the beneficiary) enrolls in PSE. The Government of Canada is now developing an automatic enrolment service to provide CLB eligible children born in 2024 and after with an RESP and to have their CLB deposited if they are not receiving it. To implement this service, ESDC will engage a provider to facilitate the opening of RESPs, and payment of CLB, for eligible children who do not have an RESP opened for them by the time they turn four. ESDC would be the RESP subscriber and name these children as beneficiaries to the RESPs. The caregiver or the beneficiary will not be subject to any contract or obligation. The responses received from this Request for Information (RFI), will be used to assist ESDC in finalizing the requirements and in developing achievable objectives and deliverables to deliver the CLB automatic enrolment service.
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Quick Summary

Employment and Social Development Canada is seeking information from providers who can facilitate the opening of Registered Education Savings Plans (RESPs) and the payment of the Canada Learning Bond (CLB) for eligible children born in 2024 and later. This initiative supports the automatic enrolment of children into RESPs to help make post-secondary education more affordable. The government recently amended the request to clarify certain requirements and extend deadlines.

Ideal For

Financial institutions or service providers specializing in education savings plans and government benefit administration should consider bidding.

financial serviceseducation savings plansgovernment benefitsautomated enrollment systemschild savings programs
High complexity

Tender Details

Reference Number
cb-563-12576045
Solicitation Number
100023983
Publication Date
Aug 9, 2024
Closing Date
Oct 9, 2024
Procurement Method
Competitive - Open bidding
Selection Criteria
Not applicable
Notice Type
Request for Information

Classification

UNSPSC Code
84120000; 84121500
UNSPSC Description
Banking and investment; Banking institutions

Trade Agreements

None

Contracting Entity

Employment and Social Development Canada

140 Promenade du Portage

Gatineau, Quebec

Contact

Yves Cormier

nc-solicitations-gd@hrsdc-rhdcc.gc.ca

(438) 462-8563

Regions of Delivery

Canada