Registered Education Saving Plans

Education costs in Canada are rising steadily, and parents find themselves under increasing pressure to plan ahead and plan smartly. As reported by Statistics Canada, the cost of tuition and education expenses has been consistently rising for over a decade, even as students continue to take out loans to finance their education. To help families … Read more

Why Education Savings Planning Matters More Than Ever Planning for the education of a child has become an increasingly critical task from a financial point of view in Canada. Not too long ago, college or university was relatively affordable, as students could afford their studies through their own earnings and savings. Currently, the picture is … Read more

A Shift In Direction Does Not Mean A Financial Setback Rarely does the future of a teenager turn out exactly as expected. What seems certain to be a path to university studies suddenly becomes a very different path altogether, including skilled trades, business, creativity, or even a year off to explore options. While perfectly natural, … Read more

Introduction: Why Starting Early Matters More Than Most People Realize The cost of education in Canada is still increasing, and this has led to a situation where families must think ahead. Statistics Canada has shown that tuition fees and associated costs have risen steadily in recent years. It is in this context that the importance … Read more

Canadian families are increasingly taking the matter of saving for education into their own hands, and the figures are supporting the trend. The fact is, as cited by Employment and Social Development Canada, over 3.7 million children are receiving the benefits of the Canada Education Savings Grant, which speaks for itself regarding the popularity of … Read more

Introduction – Why Family RESP Has Become Essential In Canada Over the years, the cost of education has risen, and it is highly likely to continue increasing. For example, the cost of education per year for an undergraduate student, as of the year 2023, according to Statistics Canada, was more than 7,000 dollars. However, other … Read more

Introduction The cost of post-secondary education is rising rapidly in Canada. People are looking for ways to be financially prepared for the education expenses of their children. The education expenses include the cost of tuition fees. The average tuition fee for an undergraduate program for Canadian students for the academic year 2023-2024 is around $7,076. … Read more

Why Education Planning Is Becoming A Core Estate Concern Some traditional estate planning topics in Canada have been property, retirement accounts, and business. Funding of education, however, is becoming more of a discussion in long-term planning. The increased post-secondary expenses have placed early and planned saving more than ever before. Statistics Canada found that average … Read more

Introduction: Why Resp Tax Clarity Matters More Than Ever Education in Canada has been increasing at a rate that is growing above the general inflation, and long-term planning is not a luxury but must be practiced. Statistics Canada notes that the average undergraduate tuition fees in Canada have been on a steady rise over the … Read more