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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. Child Plan’s mission is helping families provide for their children today and plan for their education and future. It’s a surprise to many that Canada has this great program, but not surprising no one knows about it. The free Canada Child Dental Care benefit for your child application […]

  Every little bit helps. In today’s challenging financial world Canada Child Benefits helps families who are facing many financial challenges provide for their children’s needs and future. The Government of Canada announced the new increases to the Canada Child Benefit (CCB) for 2024-25. Below is an outline of the new Canada […]

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, […]

In Our Continuing Series Of Millennial Parents’ Guide to Financial Planning For Children By Michael Lampel I recently went to an open house with my wife to look at what $1 million would buy today. What I saw made me seriously concerned about our daughter’s future. A four-bedroom house with two bathrooms […]

First, let me address the difference between this generation (millennials) and my generation (baby boomers) by sharing the story of my first job after graduating with a degree in Economics in 1987. My first job was selling trucking services for a company called Inter City Ttruck Lines in Montreal. My first year […]