Tips on building a credit score Paying your full balance each month shows you’re using credit correctly—you’re budgeting—your spending doesn’t exceed your earnings. Young consumers are still getting…
Read more “Not free money”: What students should know before getting their first credit card – MoneySenseBefore heading to school, Kinsey acquired her first credit card, an Alterna Savings Cash Back Visa. Although she also banks with EQ Bank, her primary bank card was…
Read more “I’m interested in visiting Europe”: How this student can build a credit score while earning valuable travel rewards – MoneySenseBefore heading to school, Kinsey acquired her first credit card, an Alterna Savings Cash Back Visa. Although she also banks with EQ Bank, her primary bank card was…
Read more “I’m interested in visiting Europe”: How this student can build a credit score while earning valuable travel rewards – MoneySenseThe 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 typical for parents…
Read more RESPs 101: The RESP withdrawal rules – 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 – 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? – MoneySenseChoosing whether to rent or buy has never been a simple decision — and this ever-changing housing market isn’t making it any easier. With surging mortgage rates, record…
Read more Rent or buy? Here’s how to make that decision in the current real estate marketNEW YORK — President Joe Biden’s plan to provide up to $20,000 in federal student loan forgiveness has been blocked by two federal courts, leaving millions of borrowers…
Read more What to know if you’ve applied for student loan forgivenessNEW YORK — When Daniella Malave started working for Chipotle at 17, the main benefit she was seeking was free food. As it turned out, she also got…
Read more Companies lure hourly workers with college tuition perksNEW YORK — When Daniella Malave started working for Chipotle at 17, the main benefit she was seeking was free food. As it turned out, she also got…
Read more Companies lure hourly workers with college tuition perksST. LOUIS — Attorneys for six Republican-led states are asking a federal appeals court to reconsider their effort to block the Biden administration’s program to forgive hundreds of…
Read more GOP-led states appealing dismissal of suit over loan relief
