federalbudget
MortgageBroker mbabc.ca spring 2014 | 17
benefit from low-cost accounts across
Canada, and the Government will work to
bring these low-cost accounts up to date to
meet consumers' current banking needs.
As well, acting on the 2013 Speech from
the rone commitment, the Government
will work with financial institutions to
expand no-cost basic banking services
for youths, students and vulnerable groups
(e.g. beneficiaries of a Registered Disability
Savings Plan and at-risk seniors). e
Government will also proactively ensure pay-
to-pay policies for monthly printed credit card
statements provided by banks are prohibited.
e Government will build Canadians'
awareness of their right to cash Government
of Canada cheques free of charge at any
bank in Canada, following up on the
commitment in Economic Action Plan 2013.
New standard language has been added to
the back of government cheques informing
Canadians of this right.
As always, with government budgets and
goals, we will have to wait to see what in
fact unfolds.
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