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[ad_1] RESP contributions and withdrawals Registered education savings plans (RESPs) are used to save for a child’s post-secondary education. Contributing to an RESP can give you...
[ad_1] The 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...
[ad_1] The perks of having an RESP The RESP was first introduced in 1974 as a tax-deferred savings vehicle for a child’s post-secondary education. While it’s...
[ad_1] RESP 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...
[ad_1] Why 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’...
[ad_1] With 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...
[ad_1] How cashable GICs work Traditionally, GICs offer Canadian investors three core benefits: Principal protection to ensure your money remains safely invested A guaranteed interest rate...
[ad_1] ETFs may have lower management fees than comparable mutual funds. And, with such a wide variety of ETFs with different asset allocations to choose from—including...
[ad_1] What 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...
[ad_1] The best way to save for school: Open an RESP Ideally, your grandchild or grandchildren will have an RESP. Perhaps your own kids have already...
[ad_1] First, 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...
[ad_1] Once 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...
[ad_1] To 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...