Interest Rates Remain the Same
Understand the interest rates in Octber 2010, in Canada and their impact on debt and savings amidst economic concerns.
RESP Lessons Learned
If you’re planning to save for your child’s post-secondary education in Canada, this personal account of RESP lessons learned is a must-read. Written after navigating the RESP withdrawal process, the article shares practical tips for maximizing CESG benefits and minimizing taxes by withdrawing the taxable portions first. It includes candid insights on working with TD Mutual Funds versus TD Waterhouse, and why the author prefers the latter for RESP investing. The post also highlights the need for better automation in fund redemptions and encourages parents to continually educate themselves on RESP rules and structure. Whether you’re just opening an RESP or preparing for withdrawals, this article offers valuable advice from lived experience.
RESPs The Actual Cashing Out
How easy is it to Cash out parts of an RESP? Cashing out can be straight forward, but you will need supporting documentation.
RESP This Round Finally Ends ?
How easy is it to do an RESP withdrawal ? Not as simple as you would hope, and there are rules added too, to make it harder.
Random Thoughts: Look up, Waaay Up…
Discover What The Friendly Giant Taught Us About Finances. Find out why Rusty the Rooster is always half in the bag. Learn more.
