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 – MoneySense“They may see a slight increase in their income, and they think, ‘Oh, I just kind of hit the lottery, and now I’m going to spend like crazy,’”…
Read more Why young people keep getting caught in debt traps and how to break the cycle – 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 – MoneySenseJordan Heath-Rawlings shares your frustration. In November 2023, he launched In This Economy?!, a podcast that helps Canadians tackle financial challenges. Described as “Your guide to understanding an…
Read more Money tips from Jordan Heath-Rawlings: “Make sure you can afford a sudden expense” – 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? – MoneySenseIf you’re in school, you most likely have supplemental health and dental insurance. Some educational institutions make this mandatory by including the cost in your tuition fees. However,…
Read more Health insurance in Canada: A primer for students and recent grads – MoneySense
