Blog

Why Banks Don’t Want You To Ask Questions About Your RRSP? And Why They Won’t Tell You About The IRP!

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…

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…

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.

Create Illustration

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