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
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
One of the most valuable investment items that one can have is education, but not at a necessary high tuition. Nowadays, studying at a post-secondary level has almost become a prerequisite for many students, and thus, student loans are indeed the real deal. There are basically two types of student loans available to students: subsidized … Read more
As a student, one has different financial issues, and the correct bank account may be an essential part of managing your finances effectively. In Canada, most banks offer some student-specific accounts that, with the help of low or no-fee accounts, provide easy access to funds and options to build credit. But with all these options … Read more
There are a variety of options for Canadians when it comes to saving for the future. Each plan offers its benefits, whether one is looking to retire, save for a child’s education, or grow their money tax-free. Knowing the differences and advantages of each can unlock the key to maximizing a person’s savings. In the … Read more