This uncertainty collides with harsh financial realities across every aspect of life. Families are already juggling mortgage payments, childcare costs, and rising living expenses in an increasingly expensive…
Read more Is saving for your child’s education still worth it? The research says yes – MoneySenseThe tuition tax credit Claim the tuition credit to receive a non-refundable credit worth 15% of your tuition claim on the federal portion of your taxes. Provincial tax…
Read more School tax: What can you claim as a deduction on your annual income tax? – MoneySenseRESP contributions grow tax-deferred and are eligible for government grants and bonds. Withdrawals are partially taxable and partially tax-free. The taxable portion can be taxed to the post-secondary…
Read more When and how to transfer an RESP for grandchildren – MoneySenseWhy open an RESP? Grants and tax-deferred growth The federal government introduced the RESP nearly 50 years ago to help families save for their kids’ post-secondary education. The…
Read more Is an RESP worth it? Yes, even if only for the government grants – MoneySenseOntario grant programs Here is a sampling of grant programs in Ontario. Not living here? Check out your provincial or territorial government employment website for similar programs: British…
Read more Grant money for school: How to get the funds to develop your skills—and advance your career – MoneySenseWith that in mind, here’s a key date to circle on your calendar: Dec. 31. That’s the deadline for making RESP contributions to maximize government RESP grants each…
Read more ETFs and RESPs: It’s always a good time to invest in education – MoneySenseBut starting next fall, prospective students from outside the province may face a steep increase in tuition fees at schools like McGill University, Concordia University and Bishop’s University,…
Read more Is studying in Quebec still worth it for out-of-province university students? – MoneySenseWhat is a family RESP? Canadians can choose from two types of RESPs: individual and family. Both are registered accounts, meaning that they’re registered with the federal government,…
Read more Top 5 questions about family RESPs – MoneySenseThe best way to save for school: Open an RESP Ideally, your grandchild or grandchildren will have an RESP. Perhaps your own kids have already opened one for…
Read more Contributing to your grandchild’s RESPs: What grandparents need to know – MoneySenseFirst, a quick refresher on these registered accounts: RESPs provide a tax-advantaged way to invest in your children’s or grandchildren’s future education. Contributions to an RESP account and…
Read more Are RESP contributions tax-deductible? – MoneySenseOnce you’ve opened an RESP for your (grand)child or (grand)children, though, what should you do with it? How often and how much to contribute to an RESP Ideally,…
Read more You opened an RESP—now what? – MoneySenseTo maximize your savings and help to ensure your child has the funds they need when they go off to college or university, you’ll need to deposit yearly…
Read more What is the RESP contribution deadline? – MoneySensePress Release • Aug 16, 2023 11:00 EDT MIAMI, August 16, 2023 (Newswire.com) – The BeOnAir Network of Media Schools is delighted to congratulate Chief Executive Officer Nancy…
Read more Nancy Rodriguez of the BeOnAir Network Among Distinguished List of Florida Education Leaders Inducted Into Hall of Fame
