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…
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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 Mom’s Have To Say About Child Plan
By: @sincerely.megss I did not start investing in Noah’s future when he was born. As a first time mom, everything was brand new to me and I didn’t fully grasp the importance of investing in his future, I wish I did more research and that someone told me about @childplan.ca It’s never too late to start…
What Are Parent’s Options To Save For Their Child’s Future?
As parents, we want the best for our children. Whether that means a great education, wonderful opportunities, or the house of their dreams. Many of us will do everything we can to set our children up for a great future ahead of them. Saving money every month is a great way to give our children…
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