Investing in Group RESPs?

Investing in Group RESPs?Quite possibly one of the greatest things you can do for your children’s future is to open a Registered Education Savings Plan (RESP) for them.  This specialized registered account carries several benefits that ultimately help build money towards your child’s college education. Such benefits include being entirely tax free and the ability to receive government education grants to boost your balance.  Because the cost of college is always rising it…

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Tuition Debt Carried by Many Parents to Help Kids

Tuition Debt Carried by Many Parents to Help KidsMany Canadian parents pay a hefty portion of students’ tuition fees, even if it means sacrificing their financial stability, to help their children avoid a post-graduation life burdened by tens of thousands of dollars of student debt. Ross Campbell, a 56-year-old financial planner, and his wife knew they wanted to help their two daughters graduate university without the girls owing a cent. “That was sort of a focus of ours,” Campbell…

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Advance Planning For Life After College

Advance Planning For Life After CollegeA young friend of mine is currently in her senior year of college, where she is majoring in high school education. I guess you could say she was really “lucky” and came from a poor family. This meant that she qualified for a program through our state that provided free tuition, room and board, and money for textbooks and some incidental expenses for four years. Of course, there were stipulations…

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