https://www.youtube.com/watch?v=zMIrDNmMvAE&t=2s A Registered Education Savings Plan (RESP) is widely acknowledged as the number one way to save for a child’s education. However, many Canadians use an RESP as the foundation and complement the plan with another investment vehicle. Why would parents or grandparents choose an additional way to invest? Usually, it’s to accumulate more savings […]
Set it and forget it. That’s an easy trap to fall into after opening a Registered Education Savings Plan (RESP). Simply choose your investments, make regular contributions – being sure to trigger the maximum annual Canada Education Savings Grant (CESG) – and watch your investments grow. The reality, however, is there are things to do. […]
In case you missed our webinar on November 18, 2021, we hosted a one-hour financial education session. Highlights and where to find various topics are included below: Overview of financial accounts – 04:50 Refresher on RESP Accounts- 09:50 RRSPs vs TFSA- 19:34 Retirement Income-33:35 Insurance & Estate Planning- 42:50
Did you know that RESP accounts can be used for funding more than just Canadian University and Colleges? In fact, there is a wide array of post-secondary programs both inside and outside of Canada that qualify for RESP funding. Many parents worry that the RESP funds they have spent years saving will not be entirely […]
In case you missed our webinar, we reviewed everything you need to know about Registered Education Savings Plans. This webinar is suitable for anyone considering opening up an RESP for the first time, anyone who already has an RESP account and for those who are about to or who have already started withdrawing from their […]
Join us on Thursday, June 24th, where we will review everything you need to know about Registered Education Savings Plans. We’ll cover important topics, including: How to maximize government grants How to invest in an RESP account How to withdraw from an RESP account What are your options if the beneficiary does not use all […]
When it’s time to withdraw funds from a Registered Education Savings Plan (RESP), tax planning may be involved. It’s all because an RESP is composed of two pools of money, one taxable and one non-taxable – and you choose the pool for each withdrawal. One pool is your original contributions. Post-secondary education contribution withdrawals, as […]
