Maximizing RESP Withdrawals: Tax-Efficient Strategies for Education Funding
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...Canadian Retirement Calculator: GPT Driven!
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...Questrade RESP Review: Saving for My Child’s Education
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...“Buying RESPs” – What Parents Don’t Understand
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...Having The Money Talk With Your Parents
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...The New Reality of Student Debt
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...Leveraging Your Wealth to Prepare Your Children
There are literally thousands of articles on the internet about how to be a good parent in regards to teaching your child about money, or how to best make sure that your children understand personal finance. This is not one of those thousands. Many parents believe...Honorable Media Mentions
