RESP

Tuition refunds for students as Ontario college strike ends

The Canadian Press, Toronto: The Ontario government is offering a full tuition refund to students who withdraw from this semester because of the province’s five-week-long college strike. The Ministry of Advanced Education says students will have two weeks from the resumption of classes tomorrow t ...

How, when and why to save using RESPs

Presented by Assante Wealth Management Never say no to offers of free money from the government. That’s my motto, or at least one of them. And as far as free money goes, Ottawa’s Registered Education Savings Plan (RESP) is among the most lucrative offers currently available to Canadians with k ...

7 ways to prepare for retirement

Each year during Financial Literacy Month, we like to pull together some of the smart advice that MoneySense is so well known for. Today we kick off with a cheat sheet with some great tips on what you should be thinking about when it comes to retirement, no matter what your age. 1. Face the facts ...

Income Tax Treatment on Investment Accounts

A reader asked a very good question as to how I decide which investment account to select when investing. There are guidelines but it’s important to understand that choosing an investment account is primarily an income tax decision based on your investing horizon. While the following questions wi ...

How to save for university at (almost) any age

Family celebrating a graduation. (Hero Images/Getty Images) Most parents have barely taken their baby on their first stroller ride when they start to wonder how to pay for a university education. There’s a lot to figure out. Can they afford it? How much will they need to save? And what’s the ...

How to save for university at any age

Family celebrating a graduation. (Hero Images/Getty Images) Most parents have barely taken their baby on their first stroller ride when they start to wonder how to pay for a university education. There’s a lot to figure out. Can they afford it? How much will they need to save? And what’s the ...

The cost of a Canadian university education in six charts

Students living at home spend $9,300 per year on average, For those who move away, it’s closer to $20,000. We asked 23,384 students how they pay for school and where they spend their money. Here’s what they told us. ON MACLEAN’S: Create a university ranking based on what’s most important to ...

Canadian university costs in six charts

Students living at home spend $9,300 per year on average, For those who move away, it’s closer to $20,000. We asked 23,384 students how they pay for school and where they spend their money. Here’s what they told us. ON MACLEAN’S: Create a university ranking based on what’s most important to ...

Best Investment Account – 5 Step Selection Process

The best investment account for investors depends on a lot of variables. Saving on taxes, in the long run, is usually the primary driver to select one account over another so your personal situation plays a big factor. Prior to the introduction of the TFSA (Tax-Free Savings Account), the decision p ...