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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…

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…

RESP for Grandchildren: Grandparents Guide to Financial Investments for Grandchildren

This article is brought to you by Insurance for Children, Canada’s leader in financial planning for children and the creator of Child Plan ™ the fastest growing alternative to the RESP. A new grandchild is a special occasion whether it is the 1st or the 10th grandchild. Often there are gifts at the baby shower…

Newborn Checklist Canada: Best Investment Parents can Make for Their Baby

This article is brought to you by Insurance for Children, Canada’s leader in financial planning for children and the creator of Child Plan ™ the fastest growing alternative to the RESP. Congratulations! You’re about to become a parent, the best job in the world! Or maybe you’re about to become a parent again. You’ve probably…

How to Save Money in Canada: Tips on Financial Planning for Your Child’s Future

This article is brought to you by Insurance for Children, Canada’s leader in financial planning for children and the creator of Child Plan ™ the fastest growing alternative to the RESP As a new parent, nothing compares to all the “firsts” you experience, the joys and challenges – and the inevitable ups and downs. Nothing…

Ultimate Guide to Tax-Free Savings Account for Child in Canada

This article is brought to you by Insurance for Children, Canada’s leader in financial planning for children and the creator of Child Plan ™ the fastest growing alternative to the RESP. If you are focused on giving your children the best possible financial future, then you are probably interested in discovering the best savings vehicles…

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