Canada Learning Bond Eligibility and TD RESP
Are you eligible for the CLB or Canada Learning Bond? You need to have a fairly low family income.
RESP: and More Trees Died
The paperwork associated with the Registered Education Savings Plan (RESP) can be daunting, in terms of the stuff to read.
RESP: Back to School Reminders
If it is back to school time, you should think about your child’s RESP as well. Are you going to help with post-secondary education?
RESP: Canada Learning Bond
The Canada Learning Bond is an important part of the RESP. Low income families can still take advantage of the RESP even if they cannot deposit any money.
The Locked In Factor
Feeling locked in isn’t just a tech problem—it happens in finance too. In this post, I reflect on how I ended up financially locked in by sticking with familiar but underperforming investment products like mutual funds in my kids’ RESP. Despite better options like ETFs being available, I stayed put out of habit, convenience, or the illusion of safety.
Inspired by the concept of technological lock-in, I realized this mindset also affects our financial decisions. We often cling to what we know, even when better alternatives exist. The key takeaway? Regularly re-evaluate your financial choices. Just because something worked before doesn’t mean it’s still your best option.
Keywords: locked in, financial decision-making, RESP, mutual funds vs ETFs, investment strategy, financial planning, Canadian finance
