Today there is a wide variety of options for post-secondary education—colleges, universities, trade schools and apprenticeship programs. But they can be expensive, which is where a financial planner can help, showing you time tested and tax-smart ways to prepare for the day your youngsters decide to pursue their career dreams.
Open a Registered Education Savings Plan (RESP) early to maximize returns and your Canada Education Savings Grant (CESG)
Increase your savings when other childhood costs go down (e.g. daycare costs or starting school).
Set up an automatic savings plan. It makes your contributions easier and your money starts growing immediately.
Can I keep the house? Will I have enough to retire? What kind of lifestyle can I afford? A financial planner can address questions like these while helping you to:
Consider setting up a family RESP. It lets you name one or more beneficiaries and allocate payments based on what works for your family.
What Kind of RESP Should I Choose?
Conversations to Have With Loved Ones
Reaching My Financial Goals Faster