All posts for Education

5 Reasons to Start an RESP

In today’s knowledge-driven world, a post-secondary education is more important than ever. But because of increasing tuition costs, many students need their family’s support to pay for a college education. To help families save for their children’s post-secondary education, the government of Canada introduced the Registered Education Savings Plan (RESP) back in 1972. RESPs have evolved substantially since then and […]

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Back-to-School Shopping: 4 Ways To Save

The greatest lesson of the school year begins before the first day of class. This is the lifelong lesson of frugality. Shopping for back-to-school essentials should prime excitement for the year ahead without the stress of year after year costs. In this post we’ll look at some of the unconventional ways to save. Some of the most effective strategies for […]

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Webinar: RESP Rules and Tips with Sandi Martin and Julia Chung

It may be the middle of summer break, but there’s never been a better time to learn about saving for post-secondary education, including government grants and RESP rules. ModernAdvisor hosted a webinar on July 21 featuring two of Canada’s favourite financial professionals, Sandi Martin of Spring Personal Finance and Julia Chung of JYC Financial.   The webinar covered RESP rules as well as […]

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RESPs – Individual or Family?

RESPs: Benefits of Both Individual and Family Plans In either type of RESP, you can apply for the Canada Education Savings Grant (CESG), the additional CESG if applicable, and other government grants. All of the other rules around contribution limits and the government grants are the same. Contrary to popular belief, you can transfer funds between individual plans, just like […]

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