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When it comes to choosing between individual vs family RESP plans, the main difference is usually the number of kids. An individual RESP is an option for families with one child, while family RESP is for people with multiple kids. However at the time you have your first child, do you know […]

Between 2006 and 2021, the annual  cost of undergraduate tuition in Canada has almost doubled, from $4,400 to $6,693. If you consider this outrageous tuition, food, school supplies, and housing, post-secondary education has become very expensive.  But since your child was only recently born, How much is tuition in 2035? If the […]

As of 2021, the average tuition cost of universities in Canada is $19,948 per year, including tuition, food, housing, and other expenses in 2018 according to Mcleans article. For that reason, the Canadian government has made a point of encouraging parents to start saving for their child’s post-secondary education as early as […]

  The average cost of raising a child in Canada for an average family in Canada is now a staggering $12,000 per year. Since this is just an approximate number, the cost will depend on many factors including your lifestyle, where you choose to live and where you choose to educate them, […]

  Young parents today have it rough. From the mind-blowing unemployment rate, huge student loans they are still paying off years after they graduate, and the highest cost of living to date, it’s no wonder they are having a hard time not only making ends meet but saving for their future and […]

Not all parents are the same. Life would be pretty boring if they were right? However, all parents do have one thing in common. Want to guess what that is? They love their children unconditionally and want them to have a better life than they did. Just like parents – not all […]

As parents, we want the best for our children. Whether that means a great education, wonderful opportunities, or the house of their dreams. Many of us will do everything we can to set our children up for a great future ahead of them.  Saving money every month is a great way to […]

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 […]

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 […]

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, […]