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Five RESP Myths Busted
Oct 4, 2019
Although Registered Education Savings Plans (RESPs) have been available since the early 1970s there are still some lingering myths and confusion for people exploring this investment tool. This blog will help clarify how RESPs work and address some persistent myths in order to make choosing the right RESP for your family less perplexing.
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How to Understand Your Credit Rating and Credit Score
Oct 2, 2019
Unless you can afford to pay for everything in cash, you’ll need to borrow money at some point. That’s when a good credit score comes in handy. By maintaining a good credit score, you’ll pay less in interest and have more money to contribute to your child’s RESP.
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Ready, Set, Go! Now’s the Time for High School Students to Explore Their Higher Education Goals
Sep 24, 2019 | "Education Trends"
The new school year has just begun, but for students planning to head to college or university over the next two years, now is also the time of year to begin preparing for the future.
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RESPs vs. TFSAs: What’s the Best Place to Save for Your Child’s Post-Secondary Education?
Sep 9, 2019
There are two popular ways to save towards your child’s post-secondary education costs: the Tax-Free Savings Account (TFSA) and Registered Education Savings Plan (RESP). Each have their advantages and disadvantages. Let’s look at both of them in-depth now.
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Struggling to Contribute to Your Child’s RESP? How Small Savings Can Add Up Over Time
Sep 9, 2019
There is a misconception out there that we can’t afford to contribute to an RESP, but even if you’re able to save an extra $75 a month, it will add up over time when compounded with government grants. How do you do that without getting a raise? Let’s take a closer look at a little thing called the “latte factor.”
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