RESP

Want free university? Changes to OSAP, CSG could help

Alisha Gordon, an Indigenous undergraduate at the University of Calgary, will have less than $1,000 in student debt at the end of her four-year degree. Like many students in Canada, she’s benefitted from the federal and provincial governments’ efforts to reduce the cos ...

A guide to free tuition with OSAP and CSG

Alisha Gordon, an Indigenous undergraduate at the University of Calgary, will have less than $1,000 in student debt at the end of her four-year degree. Like many students in Canada, she’s benefitted from the federal and provincial governments’ efforts to reduce the cos ...

How to invest your money in Canada as a U.S. citizen

Q: I am both a Canadian and American. At this juncture, I will not give up my American citizenship since my family is down there and I am only 33. I have maxed my RRSP and I want to invest in ETFs in a non-registered account but I understand there are issues with U.S. tax liabilities. There are o ...

Avoiding the back-to-school tuition blues. How to invest in an RESP

A lot of folks are brushing up on their knowledge of the RESP (Registered Education Savings Plan) these days. We’re certainly getting a lot of questions from reporters about it. Do check out our Co-Founder and CEO Tea Nicola’s interview on Roundhouse Radio, her chat with CBC starting at the ...

Building a TFSA doesn’t have to be complicated

Rick AGE: 31PLACE: TorontoTFSA TOTAL: $23,000STRATEGY: A couch potato portfolio (minus the fixed income allocation) Me and my TFSA Rick is a 31-year-old police officer in Toronto. He has spent the last two years getting his financial house in order by paying off $50,000 in debt (mostly stud ...

ETFs for an RESP? The math doesn’t work for this investor

Seeking alternatives to high brokerage fees ...

Paying down an income property

Q: My husband and I are teachers and we will be retired and collecting pensions in approximately 8 – 10 years.  We have been mortgage-free since 2008, have RSPs, some TFSAs and we are approaching maximum contributions allowed in our children’s RESPs. In 2015, we purchased an investment pr ...

Dividend Income – July 2017

My dividend income is up 33% over last year for the month of July. It’s great to see my money at work like this. I am expecting to grow my dividend by 26% this year compared with last year. Three factors play into this growth: New Money Invested Dividend Re-Invested Strong Dividend Growth Stocks ...

The retirement reshuffle

Q: I am married with a minor son. My wife and I have been successful saving and investing. Presently we have in excess of fifteen accounts. Mostly in equities and ETFs. These include RRSPs, TFSAs, RESPs, LIRAs, margin accounts, both USD and CAD. I would appreciate your thoughts on diversification ...

Should you use RRSPs to pay down the mortgage?

Q: My husband and I will have good pensions. He is thinking that we should cash out our RRSPs to pay down our mortgage. He thinks that we will be taxed the same amount either way. Your thoughts? —Linda A: Some people struggle with whether they should invest or pay down debt. I think there are ...