I have never been one of the doom-and-gloom guys who thinks the financial systems are about the abruptly break down and that we will all go back to the stone age. Never thought the Y2K bug will wipe off all the online financial systems to the ground. Never in my life...
The LLP can be a game-changer for your educational journey, offering tax-free withdrawals to fund your studies. As a Canadian student, you’ve likely heard whispers about this RRSP withdrawal option, but you might not fully grasp its potential. However, like any...
When it comes to funding your child’s education, you’ve made a wise choice with a Registered Education Savings Plan (RESP). But now that it’s time to withdraw those funds, you’re faced with a vital question: how do you maximize the benefits...
Before You Begin: A Friendly Heads-Up Before we set sail on this voyage through the ins and outs of Canadian retirement planning, let’s get one thing clear (so my legal team can sleep at night). The advice you’re about to receive comes from an AI—think of...
In Canada, there’s a 4-letter acronym that spells “Free money for your child’s education”. It’s called RESP – or a Registered Education Savings Plan. This is a government-approved savings plan that helps parents and guardians of children (under the age of 18) to save...
If you haven’t read any of the RESP articles on this site yet, then you might not know what a huge fan I am of the Registered Education Savings Plan program. Check out these articles if you want the details of RESPs, but the Coles’ notes version of the program is...
If your house was anything like mine growing up, then money was a bit of a taboo subject. In fact, it seemed to be a taboo subject amongst most of the adults I talked to now that I think about. I’m not sure why that is, but I’m glad that I’m a teacher and my salary is...
It is beginning to seem like a weekly occurrence that a new report comes out that sounds a warning siren about student debt loads in Canada. If you haven’t heard, according to a recent survey done by the Bank of Montreal most students who are taking student loans...