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Tag Archives: university
Focused. You wouldn’t think a room full of 66 Grade 12 students on the brink of graduation could be that focused, but they were. Everyone’s eyes were locked on Jeff Baulch, the Money Apps presenter, as he served the students their first financial reality check: postsecondary education is expensive – around $25,000 dollars expensive. MORE
If my friends were to describe me, one of the first things they’d tell you is that I love finding hidden money. I’m no savings guru, but I love doing research to find discounts, deals and ways to grow my money. Although I consider myself somewhat ahead of the game, I still have a long way to go. For the first time ever, I have an array of new financial obligations weighing on my shoulders. MORE
Don’t Leave Money on the Table: Save for Your Child’s Education With a Registered Education Savings Plan
The RESP was created to encourage parents or other relatives to save for their children’s post-secondary education. The amounts you put into an RESP are not tax deductible – that is, you must first pay tax on the money you contribute. But you do not pay tax on any gains or investment income you earn while the funds remain in the plan – they are sheltered from tax. MORE
Shortly after our son was born, my husband and I realized we had totally different views about how to finance his university education — my husband said he should pay his own way and I wanted to start saving asap. My husband and I have since met halfway on the education savings question. Our approach to financing their post-secondary education will be based on three main things. MORE