Boost Your Child’s Future: Tips To Maximize Post-Secondary Education Savings

Boost Your Child’s Future and Tips To Maximize Post-Secondary Education Savings

The price of higher education in Canada is getting steeper annually. Tuition, books, housing, and costs of living also impose pressure on families. Early planning lowers risk. Parents who get started early are less stressed. If you are living in Canada, an Education Savings Plan allows you to cover costs and provides your child with … Read more

What Is a Parental Legal and Financial Responsibility for Education?

What Is a Parental Legal and Financial Responsibility for Education

Setting the Stage Parents understand that education is not a cost — it’s an investment. And school fees, books, extracurriculars, tutoring — it adds up fast. But beyond the dollars, there’s the legal side: the obligations enshrined in laws and policies that determine how parents support their children’s learning from kindergarten to college. This article … 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