Tag: retire

Don’t Miss Out On Your Free Canada Child Dental Benefit

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 […]

Canada Child Benefits (CCB) Is Now $121,804 Per Child!

  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 […]

How Michael Lampel Earned $3.3Million Selling Insurance For Children!

  They say that if you do what you love you will succeed.  Helping families invest for their children’s future became a passion I discovered after having my third child and which led me to earning $3.3Million selling insurance for children, advising parents how to give their children the secure financial future […]

Did The Government of Canada Just Kill The RESP Advisor?

When the Government of Canada began giving parents matching grants for money deposited to an RESP account for their children’s future education, an industry was born and thousands of people chose a career as an RESP advisor. Everything was fantastic for twenty years. Thousands of advisors built their entire career just selling […]

April 20, 2023 - Posted In: Financial Advisor, Financial Planner, Insurance, Parents, RESP, RRSP

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 […]

April 5, 2023 - Posted In: Insurance, Millenial, Parents, RESP, TFSA

What does Chat GPT think of Child Plan™?

A Child Plan™ is a type of life insurance policy that combines life insurance with a savings component to provide both protection and savings for your child’s future needs. Here are some benefits of a Child Plan™: Flexibility A Child Plan™ offers more flexibility than an RESP in terms of how 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 […]

Government of Ontario will give parents up to $250 per child To Catch Up

Ontario Education Minister Stephen Lecce announces parents can receive between $200 or $250 per child to help offset the cost of catching up in school after two years of disrupted learning. Starting Thursday, parents with children up to 18 years old can apply at https://www.ontario.ca/page/catch-up-payments for $200, while parents with school-aged children […]

October 21, 2022 - Posted In: Insurance, Millenial, Parents, RESP, TFSA

How to use your Tax Free Savings Account (TFSA) as your Child’s Education Savings Plan

What’s a Tax Free Savings Account (TFSA) A Tax-Free Savings Account is a Canadian government registered account available to all Canadians over the age of 18. Started in 2009, contributors (depositors) are permitted to deposit a government set amount of money every year into their TFSA account. The amount of the annual […]

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, […]

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.

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.