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Author: Michael Lampel

August 22, 2021 - Posted In: Financial Advisor, Insurance, Parents

Will You Be Able to Give $60,000 To Each Of Your Children To Buy Their First Home And Still Retire?

They say home is where the heart is.  But nowadays home is where the help is. Despite financial concerns more than half of Canadians who were polled have said they would financially support loved ones purchasing or renting a home during the pandemic.  You Can Learn More Here Some Stats 36% of […]

August 16, 2021 - Posted In: Insurance, Parents, RESP

Top 6 Questions Every Parent Should Ask Before Opening an RESP

In order to get the right answer from a salesperson, you have to ask the right questions.  The RESP was first created in 1972. It was a tool that likely helped your grandparents save for your parents’ education. But the world we live in has changed quite a bit since then. Your […]

July 14, 2021 - Posted In: Financial Planning, Insurance

Canada Child Benefit Is Like Free Money For Your Child’s Future!

What is the Canada Child Benefit (CCB) you ask? Let us explain with a little story… The Canada Child Benefit is a tax-free subsidy deposited each month into your bank account for each child you have until they are 18. Think of it as free money. What would you do if you […]

July 14, 2021 - Posted In: Insurance, Parents

In The News: Canada Child Benefit About to Increase

Have you heard? Families that are entitled to the Canada Child Benefit (CCB) who have children under six years old will be receiving a little bit more money this year! The last year and a half has been very unpredictable for families – especially ones with young children who have been hit […]

July 9, 2021 - Posted In: Financial Planning, Insurance

How To Save Money for Kids: What Are Parents Options?

Every parent has big dreams for their child’s future.  They want them to be happy, financially secure, get a great education, buy their dream home and pursue their dreams. However, parents’ options are severely limited in Canada when it comes to investing or saving for their child’s future. There are primarily only […]

June 16, 2021 - Posted In: Financial Planning, Uncategorized

Is The RESP Relevant Anymore After Covid?

The world has changed in so many ways in the past 20 years and then the pandemic.  20 years ago if I grew marijauna I went to jail. Today my child works for a company growing marijuana and they’re paid $60,000 a year. 20 years ago I wanted to become a mechanic, […]

June 14, 2021 - Posted In: Financial Planning, Millenial, Parents, RESP

Is The RESP Outdated?

Millennial Parents’ Guide to Financial Planning Is the RESP outdated? Will it actually be able to help our children 18 years from now? Both excellent questions and we are so glad you asked.  Let’s go Back in Time The RESP started back in 1972 and was used to help parents save money […]

May 20, 2018 - Posted In: Financial Planning, Insurance, Parents, RESP

Canada Child Benefit Is Like Free Money For Your Child’s Future!

Think about the Canada Child Benefit (CCB) like this: what would you do if you found $100 bill on the sidewalk in front of your house Every Month? How happy would you be? Now for the philosophical question: would you spend it or save it? If you’re like most people today, you’d […]

May 19, 2018 - Posted In: Financial Planning, Millenial, Parents, RESP

Canada’s Child Benefit vs. RESP: Which is better for my child’s future?

Millennial Parents Guide To Financial Planning For Children The average Canadian family with two kids will get about $200 more next year and about $500 more in 2019 through the Canada Child Benefit (CCB). And that’s just one advantage. _____ The recent increase in the CCB was a welcomed gift to families […]

October 18, 2017 - Posted In: Financial Planner, Financial Planning

insuranceforchildren Designated an MGA by Blue Cross®

October 16, 2017, Toronto, On – InsuranceforChildren, Canada’s leader in financial planning for children and creator of Child Plan™, Canada’s fastest growing Digital children’s investment brand and Blue Cross®, ranked Canada’s #1 health insurance provider in 2017* is pleased to announce that insuranceforchildren has been designated as an MGA (Managing General Agent). […]

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