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Alberta cancels education grant after a decade
It was supposed to be a way for parents to kick-start saving for their child's college or university education. But, the Alberta Centennial Education Savings Plan has now been cancelled.
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Surviving the slump: Money tips when you lose your job
Many Calgarians are struggling with a new reality--life without a pay cheque. We have practical tips from the Credit Counselling Society to help get through the downturn.
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Getting a tax refund? Here are some smart ways to use it
Expecting to get a tax refund this year? While that beach vacation may be tempting, experts offer wiser choices for what to do with the cash.
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Charges laid after Toronto hospital records allegedly used to market RESPs
Criminal charges have been laid after thousands of confidential records were allegedly stolen from two Toronto hospitals and used to market registered education savings plans to new mothers.
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How to combat the far-reaching consequences of student debt
The total cost for an undergraduate university degree currently can exceed $80,000 and is expected to be more than $140,000 by the time a child born now is old enough to enroll.
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Need graduation present ideas? Give the gift of a financial plan
Many parents may be wondering what to give their child for a graduation gift. Why not consider giving the gift that will keep on giving for years to come - a financial plan.
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Majority of Canadian parents can’t estimate tuition costs: poll
A new CIBC poll suggests four out of five parents aren't able to accurately estimate university tuition fees, with many also not understanding how RESPs work.
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Registered Education Savings Plans: How to save for your child’s education
Most financial experts recommend RESPs as an effective way to start an education fund for your children, thanks to benefits like tax savings.
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The 4 things you should never do with your tax refund
And how you should use the money instead
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Taking money out of an RESP? Beware of the taxman
Not all RESP funds are created equal.
View ArticlePeter Watts: The Canada Learning Bond and the gift of financial literacy
Federal Employment Minister, Patty Hajdu, speaks about the merits of getting a child enrolled in the Canada Learning Bond program.
View ArticleThe cost of raising a child? Now there’s a calculator for that
On average, you're looking at the familiar quarter-of-a-million dollars figure. But customize the inputs and you might find it's dramatically less – or more.
View Article4 year-end tax tips to make the most of your 2018 money
Cleaning up your tax act before the end of the year could yield a bigger tax refund or give one last boost to your 2018 savings.
View ArticleThis Canadian couple invested nearly $50K for their kids’ education — they...
Paltry returns and sky-high fees are not what Oswaldo Castaneda and Maria Lopez-Araiza expected when signing up for a group RESP.
View ArticleTories pledge to increase federal contribution to RESP to 30%
The increase would come on top of the existing federal grants for low and middle-income families.
View ArticlePaid leave, tax credits, more benefits: What the parties are promising parents
Trudeau, Scheer, Singh or May: who has the better deal for families?
View ArticleWhat’s a TFSA for? It can help your kids be student-debt free
While an RESP should be the first go-to for education savings, a TFSA is a good place to put any extra money.
View ArticleRESP customers complain about delays accessing money
"What I really want is somebody to contact me and tell me what's going on, what's going to happen to the money."
View ArticleQuebec authorized a class-action lawsuit against group RESPs. It may have...
The lawsuit could prompt regulators to rethink rules around group RESP fees, one legal expert says.
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