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Typically I begin by asking parents what they believe is an RESP (Registered Education Savings Plan)? Every parent automatically and without hesitation replies that it’s an education savings plan for their children’s future education, where the Government gives them 20% of whatever they deposit to their children’s education savings plan.

When I went to university, the cost for four years of tuition totaled $20,000. And that’s not including books, rent or other living expenses. Like most of my friends, I relied on student loans and odd jobs to get through university. My husband, on the other hand, was fortunate. His parents managed […]

Millennial Parents Guide To Financial Planning For Children The Liberal government estimates the average family will receive nearly $2,300 more each year, thanks to the new Canada Child Benefit. But what does it mean for my family? There’s a reason I hire an accountant to do my taxes. Crunching numbers and keeping […]

Millennial Parents’ Guide to Financial Planning by Michael Lampel The family cottage to many is a sacred treasure. It’s a place, according to parents, that must be preserved for the family. It holds such special moments and memories for everyone; every parent wants to ensure their children and grandchildren will be able […]

Millennial Parents’ Guide to Financial Planning For Children The more I think about what will happen to my family cottage after my parents are gone (read our last post about it), the more overwhelmed I get. Most of the conversation so far has been around the importance of starting that initial conversation. […]

Millennial Parents Guide To Financial Planning For Children My family loves going to the cottage every summer. My siblings and I grew up jumping off the dock, fishing with my dad, and celebrating our lives together by the lake. Of course, we were never comfortable asking our parents what happens to the […]

I’m not going to lie, when I first opened a TFSA (Tax Free Savings Account) around four years ago, I really didn’t understand why. I was taking the advice of my family advisor, and while he tried to explain how the account worked, I was not fully grasping it. So I went […]

Millennial Parents’ Guide To Financial Planning For Children By Michael Lampel As a parent of three, I understand there is nothing we won’t sacrifice for our children’s future — including sleep, health, financial future, and yes, even retirement. When I had my first child the last thing I was thinking about was […]

Millennial Parent’s Guide to Financial Planning As a parent, I would do anything for my children. I make sacrifices every day. I sacrifice my eight hours of sleep each night (really though, does such a thing even exist anymore?). I sacrifice the hobbies I used to love. I sacrifice my privacy and […]

“At the end of the day, the most overwhelming key to a child’s success is the positive involvement of parents.” Jane D. Hull Parents have dreams and hopes for their children – a better life, good education, great job, wonderful family of their own. As time goes by the cost of living, […]