We all know the RRSP song bank mutual fund sales persons sing when they want you to open an RRSP. Open an RRSP and get a tax refund. Don’t you want a tax refund? That’s it! That’s the entire song. The mutual fund sales person doesn’t ask any questions or even attempt to explain the…
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What does Chat GPT think of Child Plan™?
A Child Plan™ is a type of life insurance policy that combines life insurance with a savings component to provide both protection and savings for your child’s future needs. Here are some benefits of a Child Plan™: Flexibility A Child Plan™ offers more flexibility than an RESP in terms of how the money can be…
Canada Canceling Student Loan Interest!
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 pay banks and…
Government of Ontario will give parents up to $250 per child To Catch Up
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 with special education…
How to use your Tax Free Savings Account (TFSA) as your Child’s Education Savings Plan
What’s a Tax Free Savings Account (TFSA) A Tax-Free Savings Account is a Canadian government registered account available to all Canadians over the age of 18. Started in 2009, contributors (depositors) are permitted to deposit a government set amount of money every year into their TFSA account. The amount of the annual contributions are set…
What is an RESP? How Does the RESP Work?
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, aunt, uncle’s) however…
68% Of Canadian Parents Worry Their Children Will Be Worse Off Financially Than Them!!!
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 68% of parents…
Is the RESP an Education Savings Plan, or Government Program That Limits Our Children’s Futures?
When we have children our previous lives end and our new lives begin. From the day they’re born we love them, care for them, want them to be happy all the time and dream of the life they will have and how we’re going to help them live up to their full potential and their…
What are parents prepared to do for their children? Everything!
Insuranceforchildren.ca presents a special webinar on Child Plan affiliate advisor marketing program and how selling insurance for children builds you into their trusted family advisor for life. In 2020 Canadian parents gave their children over $10 Billion to buy their first homes. Click HERE to read more. According to a recent study, 50% of parents…
Money Won’t Buy Your Kids Happiness. But It Will Buy Them Options
The more options your child has in life, the happier they will be. The more money you save for their future, the more options they will have. It is really that simple. When you hold your child today, can you imagine how happy they will be at 20 years old when you tell them you…
Personalize Your Child Plan™
Create your Child Plan™ Illustration and see how much cash value your child will have for their education and for life.
To learn more how Child Plan will provide your child with the funds for their future education and financial security for life, book a virtual meeting with a Child Plan Advisor.
Contact Us: childplan@insuranceforchildren.ca