A quick review of the RESP

Now that school is back in session, here’s a quick reminder of how the Registered Education Savings Plan works: It is a tax-sheltered account to save money for a child’s education Parents, grandparents, guardians, family members and friends can open an RESP It provides grants (CESG) and various other incentives Individual and family [...]

By |2022-09-21T10:45:45-04:0021/09/2022|Learn&Grow|

What is the Life Long Learning Plan (LLP)?

If you and/or your spouse/common-law partner are thinking about going back to school, you can fund it by withdrawing $10,000 annually, up to a $20,000 maximum, from each of your RRSPs. Once you have finished your studies, you have ten (10) years to redeposit the amount you loaned yourself back into your RRSP [...]

By |2022-09-21T10:49:45-04:0021/09/2022|Learn&Grow|

Make this the summer of TFSN: Tidy, Fix and Just Say No

We’ve all seen the headlines: almost every part of our lives is becoming more expensive. So here’s an idea that might help you out. Try the acronym TFSN — “tidy” up, “fix” it, and just “say no” thank you. Here’s how: Tidy: Maybe you don't really need more living space, maybe it's just time [...]

By |2022-07-15T11:58:16-04:0015/07/2022|Learn&Grow|

Help your kids to understand the value of money

You might not consider yourself one of the best money managers in Canada. But, that doesn’t mean that you can’t help your kids get a head start on learning some good financial habits. The idea is to make learning this new skill fun and easy. Here are a few kid-friendly websites that you can [...]

By |2022-05-24T12:58:01-04:0024/05/2022|Learn&Grow|
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