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An RESP can help fund a child’s education. But people over 71 may face tax implications if the child quits school and the fund is closed. Kim Parlee highlights a few things to keep in mind.
Grandparents naturally want to help their grandchildren get a good education; is opening a separate RESP really the best option?
If your work is causing you stress, it may mean more than just burning the candle at both ends. It may affect your health, and the bottom line for your employer. Dr. David Posen, AKA Dr. Calm, talks about the psychology of workplace stress, and what we can do to reign in the pressure.
When it comes to planning a wedding, brides and grooms are bombarded with images of what makes a perfect day. It can be hard to decipher what wedding day purchases will make an impact, and what will go unnoticed. MoneyTalk Life asked those who have already tied the knot about what their money was best spent on, and what they could have done without.
You can open an RESP for any child, be it your own, a niece or nephew, grandchild or even a family friend. RESP contributions can be invested, plus, if certain conditions are met, they are eligible for a government grant so that, if you contribute regularly, it can be a great way to save for post-secondary education over the long term.