Blog

The RESP – registered Education Savings Plan – is a Government Program like the TFSA and the RRSP that was created in 1972 to help parents save for their children’s future post secondary education. You can open an RESP account at any bank, insurance company or financial institution you wish. The RESP […]

Every little bit helps. On Thursday, November 3, 2022 the Canadian Government confirmed plans to cancel interest on all new federal student loans and apprentice loans, as well as student loans already currently being paid back. Canadians already pay $556 Million a year in interest on student loans. In other words, Canadians […]

Ontario Education Minister Stephen Lecce announces parents can receive between $200 or $250 per child to help offset the cost of catching up in school after two years of disrupted learning. Starting Thursday, parents with children up to 18 years old can apply at https://www.ontario.ca/page/catch-up-payments for $200, while parents with school-aged children […]

Is The RESP A Government Program? RESP is also called Registered Education Savings Plan, is a tax-deferred savings account for a child’s future education. Your RESP deposit is matched 20% by the Canadian government up to the year your child turns 18th. Anyone can open and deposit to an RESP (parents, grandparents, […]

If you think things are difficult financially for you today, how will your children fare in the future? A 2021 Pew Research Poll conducted found that of 17 countries polled, 64% of parents believe their children will be worse off financially than they are. Canada ranked sixth among the 17 countries, with […]

Millennial Parents’ Guide to Financial Planning Is the RESP outdated? Will it actually be able to help our children 18 years from now? Both excellent questions and we are so glad you asked.  Let’s go Back in Time The RESP started back in 1972 and was used to help parents save money […]

Millennial Parents Guide To Financial Planning For Children The average Canadian family with two kids will get about $200 more next year and about $500 more in 2019 through the Canada Child Benefit (CCB). And that’s just one advantage. _____ The recent increase in the CCB was a welcomed gift to families […]

You’d think the 2008–2009 debacle would’ve shaken some sense into the country’s money people. You’d think it would’ve forced them to question everything they do. You’d think they’d see that the same old way was clearly not the way. And you’d think they’d have started with probably the most important issue we […]

70 to 80 percent of jobs will disappear in the next 20 years, according to research. Technology is transforming industries at an incredible rate – and this will only continue. Just look at what Tesla did to the taxi industry and oil companies. Our children’s future is getting more difficult to predict […]

Millennial Parents’ Guide to Financial Planning I never imagined I’d still be paying off my student loans when I had my first baby. After all, student loans weren’t something my baby boomer parents ever complained about. Even if they graduated with around $10,000 worth of student debt in the late ‘80s (about […]