The Financial Benefits of Earning a College Degree

Financial Benefits of Earning a College Degree

Economists, employers, and everyday families have long debated the value of a college degree. Is the price of college worth the long-term financial gain? In this time of mounting tuition and student loan debt, it’s a question worth considering. However, despite those costs, studies and real-world trends have continued to demonstrate that college graduates often earn significantly more … Read more

Which Insurance Policy Is Better For Child Education?

Which Insurance Policy Is Better For Child Education

In Canada, planning for the security of your child’s future generally starts with assuring that his post-secondary education will be provided for. It is not surprising that most parents find ways to finance this now very expensive post-secondary education with insurance policies and saving plans. So, which insurance policy would be more useful in planning … Read more

What to Do When You Have Insufficient Or Unused RESP Funds?

What to Do When You Have Insufficient Or Unused RESP Funds

There is an important goal for many Canadian parents: to plan a child’s education. Among the best tools for that is a Registered Education Savings Plan, or RESP. In addition to allowing savings to grow tax-free, they also carry government grants for post-secondary education. Of course, not everything goes according to plan. Sometimes, the problem … Read more

Financial Goals for Students: How and Why to Set Them

Financial Goals for Students, How and Why to Set Them

Balancing education, personal life, and finances is not easy for students in Canada. Under academic pressures, finance planning usually falls behind; therefore, there would be potential stress later. Setting financial goals gives the power to manage finances well, minimize debt, and set up a base of financial independence. This blog looks into the significance of … Read more

Assured Child Education Savings Plan in Canada: A Comprehensive Guide

Assured Child Education Savings Plan in Canada

Plan the education for your child – among the biggest financial decisions of your lifetime. In Canada, with ever-rising tuition and education costs in post-secondary programs, families now must begin early and save early so that a child receives good quality education without an associated financial crunch. Assured Child Education Savings Plans can be of … Read more

The Rules for Withdrawing from Education Savings Accounts

The Rules for Withdrawing from Education Savings Accounts

An RESP is an investment vehicle created in Canada to allow parents to fund a savings plan for financing their children’s post-secondary education. The two most significant benefits and advantages of RESPs are government contributions and tax-free investment growth within the account. The catch about an RESP, however, is that withdrawal can be very cumbersome- … Read more