Registered Education Plans
Investing

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 […]

Mortgage rates lowering
Personal Finance

Accelerating Mortgage Payments will Free up Cash for RESP, Retirement Savings

A couple we’ll call Harry, 35, and Tina, 37, are thriving in their careers. Harry, a geologist with a large company, brings home $5,730 a month. Tina, a management consultant in the chemical industry, adds $3,880, for total monthly disposable income of $9,610 a month. They have a two-year-old child. You could say that Harry […]

RRSP Ages and Stages
Featured Personal Finance

RRSP Ages and Stages

Everyone knows it’s RRSP season, but what’s less obvious is how to best direct your contributions over the years. Different ages and life stages call for different strategies. There’s an overarching theme, though: anything you can put toward your retirement is a good thing. “When it comes to contributions, it’s a journey, not a sprint,” […]