The first time a well-meaning parent gives thought to saving for their child’s future, the numbers simply don’t add up. A year of post-secondary tuition. A laptop. Rent. Books. Transit. Food. It all adds up too fast. And then comes the creeping question: “Where do I even start?” You could open a simple savings account, … Read more
No family should have to choose between groceries and tuition. But for many Canadians, that’s the financial reality of sending a child to school. The stress hits early—from parents unsure where to turn to students overwhelmed with deadlines, red tape, and fine print. But when you understand the financial aid landscape, from student loans to … Read more
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
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
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