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  The average cost of raising a child in Canada for an average family in Canada is now a staggering $12,000 per year. Since this is just an approximate number, the cost will depend on many factors including your lifestyle, where you choose to live and where you choose to educate them, […]

Canada Life recently conducted a study and surveyed 1510 Canadians.  To no one’s surprise, they found that more than 80% of Canadian parents didn’t even understand the RESP. You Can Learn More Here. The study also concluded that even though 92% of Canadians are aware of RESPs – only 17% said they […]

The world has changed in so many ways in the past 20 years and then the pandemic.  20 years ago if I grew marijauna I went to jail. Today my child works for a company growing marijuana and they’re paid $60,000 a year. 20 years ago I wanted to become a mechanic, […]

Planning ahead for your child’s future is second nature as it is to all parents. From the moment they’re born you want to support them to the best of your emotional and financial ability to see them succeed in life.

As a parent, one of your main concerns is making sure your child is provided for in the best possible way. The future is volatile, and anything can happen. It’s essential to take preventative measures in assuring a sense of stability for your kids’ financial future. Your child’s big dreams will require […]

There is no question. Education is a path to financial success. According to a 2011 Statscan NHS survey, the top 10% of Canadians has incomes over $80,411 (in 2005 dollars). According to the report, “High-income Canadians tended to be highly educated”

When we think of student debt we envision a young person in their 20s or early 30s, starting out in life. They’re establishing themselves in their careers, marrying and starting families, all the while struggling with overwhelming student debt.

College and university students have a few weeks of left of freedom, otherwise known as grinding it out at less than glamorous summer jobs to pay for school. But, how many students earn enough to pay for school and living expenses? If they don’t earn enough, can you afford to supplement or […]

Saving for a rainy day was something we were all taught to do, but it appears that for many Canadians that rainy day has arrived and very few listened or prepared. According to the federal Office of the Superintendent of Bankruptcy:

In our last blog we discussed whether or not you should buy life insurance for your kid. Buying insurance for your kids is a great idea and more people are starting to realize it. In this blog, we’re discussing the reasons why.