Clik here to view.
Common questions on Registered Education Savings Plans (RESPs)
When kids go back to school, I always get an increased number of questions on RESPs. This week, as a result here are four frequently asked questions on RESPs. What are the rules around taking money out...
View ArticleFour Great Reasons to invest in Registered Education Savings Plans (RESPs)
Registered Education Savings Plans (RESPs) remain the best way to save for your kids education. Past changes to RESPs at both the federal and the provincial level, make RESPs a more attractive option...
View ArticleIt’s Important to Teach Your Children About Money
There is a lack of financial education in Canada and for some reason, parents avoid talking to their children about money. In one study more than 1/3rd of parents do not discuss money with their kids....
View ArticleRESP contribution rules
When it comes to putting money into an RESP, it is very important to know the RESP contribution rules. The rules are complicated and somewhat confusing but I will do my best to try and help you...
View ArticleFinances for Students
“Don’t be afraid to fail. Don’t waste energy trying to cover up failure. Learn from your failures and go on to the next challenge. It’s OK to fail. If you’re not failing, you’re not growing” – H....
View ArticleIs Investing in a University Education a Good Idea?
“The only thing that interferes with my learning is my education.” – Albert Einstein Not so long ago, a university education was recognized as the best route to a well-paying job. The cost of earning...
View ArticleFamily RESP vs Individual RESP. Which is better?
Should I set up a Family RESP plan or an Individual RESP? This question has been posed to me several times over the past years. If you only have one child then the answer is easy . . . set up an...
View ArticleUsing the Lifelong Learning Plan
“What you do today can improve all your tomorrows.” – Ralph Marston Over the past couple of weeks, I’ve fielded a number of questions about using and repaying the LLP and thought that it would be worth...
View ArticleAnother look at RESP Rules
Recently I was on Alberta Primetime reviewing the RESP rules which can be so confusing to so many people. In the segment, we break down some of the basics on how to get started, what are the limits,...
View ArticleRESP withdrawal rules
It’s that time of year again when students of all ages head back to school. For younger students, parents are reminded to think ahead and put money into RESPs to help pay for post-secondary education....
View Article