Category: Investing

RESP (Registered Education Savings Plan) Fact Sheet

What is it? A Registered Education Savings Plan (RESP) allows parents and guardians to accumulate the necessary funds to finance a child’s post-secondary education. The federal government allows you to accumulate investment income on a tax-sheltered basis until the funds are withdrawn. There are two types of RESP plans – individual and family. An Individual…
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July 8, 2013 0

RDSP (Registered Disability Savings Plan) Fact Sheet

What is it? The Government of Canada introduced the Registered Disability Savings Plan (RDSP) in 2008 to provide financial security for individuals with disabilities. The plan allows a person who is eligible for the federal disability tax credit to accumulate up to $200,000 in contributions on a tax-deferred basis. Who is eligible? To qualify for…
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July 8, 2013 0

What should you do with your tax-refund?

It’s tax season and we’re all hoping for a big cheque in our bank account. The question is: what to do with it once we get it? As much as we’d like to go and buy ourselves an authentic Persian rug or that gorgeous diamond ring taunting us through the store window, we have to…
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April 25, 2013 0

Curbing Your Spending

Did you just spend $5000 on that new 55” LED Smart TV? Keeping up with the latest trend, fashion, or technology is very tempting. While it feels awesome to be one of the first ones to own it, we both know, it could have cost you less than what you paid for if you waited…
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September 20, 2012 0

Managing your Credit Card Debt

Having a credit card may be convenient at times, but without a proper budget and debt management in place, the user often ends up accumulating a lot of debt. Using a credit card is a very common method of acquiring a short term loan from the bank. Unfortunately, credit card users tend to overspend on…
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September 20, 2012 0