The Gift That Keeps On Giving
In the spirit of my recent rash of political commentary articles (rash and politics just seem to go together so well) I thought I would give a shout out to a recent idea proposed by a Liberal Party in Canada. Ok, so it isn’t THE Liberal Party of Canada (federal), but...Book Review – The Wealthy Barber Returns
Those of you who have been reading this blog for awhile might remember that my favourite all-time personal finance book is The Wealthy Barber by David Chilton (released in 1989). Since it sold over 2 million copies I’m going to assume I’m not the only who thought it...Investing Series – RRSPs, TFSAs and RESPs
For the fourth instalment in our investing basics series (click here to begin the journey) we are going to look at the different account options that are available to you as an investor. I’m sure most of you have heard people talking around tax time about how they...RESPs – A Great Graduation Gift
As I stated in my article, “7 Reasons Why I Graduated With 2 Degrees and No Debt” I am very thankful for the fact that my parents decided to start a family RESP for myself and my brother. If it wasn’t for the money my parents earmarked for me (about $4,000) per year...RESP Rules – Not Exactly Tax Free
The first thing to realize about RESPs is that they are taxed in the hands of the student and do not add income of any kind to the subscriber. This is intentionally set up by the government because students usually don’t use all of their tax credit room anyway. RESP...RESP – An Investment For the Future
What many people don’t realize about a RESP (and RRSPs for that matter) is that it is a plan and not an actual investment product that you buy. RESPs were initiated by the government to provide people with a tax free incentive to grow investments that are earmarked...RESP Accounts – What They Are And Why They Are Awesome
With education costing a little more every year it has become imperative to try to prepare for the post-secondary journey well in advance. The bad news is that it is a fact that kids today are paying more for their post-secondary education (even taking inflation into...Honorable Media Mentions
