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Category: Parents

What is an RESP? How Does the RESP Work?

Is The RESP A Government Program? RESP is also called Registered Education Savings Plan, is a tax-deferred savings account for a child’s future education. Your RESP deposit is matched 20% by the Canadian government up to the year your child turns 18th. Anyone can open and deposit to an RESP (parents, grandparents, […]

68% Of Canadian Parents Worry Their Children Will Be Worse Off Financially Than Them!!!

If you think things are difficult financially for you today, how will your children fare in the future? A 2021 Pew Research Poll conducted found that of 17 countries polled, 64% of parents believe their children will be worse off financially than they are. Canada ranked sixth among the 17 countries, with […]

Is the RESP an Education Savings Plan, or Government Program That Limits Our Children’s Futures?

When we have children our previous lives end and our new lives begin. From the day they’re born we love them, care for them, want them to be happy all the time and dream of the life they will have and how we’re going to help them live up to their full […]

June 17, 2022 - Posted In: Financial Advisor, Financial Planning, Insurance, Parents

What are parents prepared to do for their children? Everything!

Insuranceforchildren.ca presents a special webinar on Child Plan affiliate advisor marketing program and how selling insurance for children builds you into their trusted family advisor for life. In 2020 Canadian parents gave their children over $10 Billion to buy their first homes. Click HERE to read more. According to a recent study, […]

September 23, 2021 - Posted In: Insurance, Parents

Money Won’t Buy Your Kids Happiness. But It Will Buy Them Options

The more options your child has in life, the happier they will be. The more money you save for their future, the more options they will have. It is really that simple. When you hold your child today, can you imagine how happy they will be at 20 years old when you […]

August 31, 2021 - Posted In: Financial Advisor, Insurance, Parents

Top 3 Things Expecting Mothers Should Look Into To Plan For Their Child’s Future

Expecting a baby is such an exciting time. You have an excellent excuse to eat all of your favourite foods and take afternoon naps. Friends and family constantly show up at your place with baby gifts.  And of course, most importantly – you are preparing to bring a human into this world. […]

August 24, 2021 - Posted In: Parents, RESP

Parents Suing RESP Companies Due to Sales Fees That Cost Them $11,000

It’s difficult to know who to trust with our children’s education savings. That was why so many parents chose RESP’s. We believed it was a government savings account for our children’s future and their money was safe. Now we learn that a parent in Quebec has launched a class action lawsuit against […]

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: 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 […]

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