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 taxes. Provincial tax…
Read more School tax: What can you claim as a deduction on your annual income tax? – 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 – 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? – MoneySense
