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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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How to Make the Most of the Increased Canada Child Benefit
Jul 16, 2019
How much does it cost to raise a child from diapers through braces to high school graduation? According to MoneySense.ca, the average cost of raising a child to 18 years old is nearly $250K.
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Reminder: The B.C. Grant Deadline is Coming Up for Children Born in 2006!
Jun 27, 2019
Are you a B.C. resident with an RESP for your child who was born in 2006? Then August 14, 2019 is an important date you’ll want to circle on your calendar, for it’s the last day to apply for the B.C. Training and Education Savings Grant (BCTESG).
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Can My Kids Contribute to their RESPs?
Jun 27, 2019
Besides putting a roof over your family’s head and food on the table, one of the best things a parent can do is help their children with the cost of post-secondary education.
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