Spend /Play /Travel
Whether through luck or longevity, many Canadians nearing retirement are living in homes that may be worth double what they paid for them. These paper millionaires may be asking themselves: Should I cash in?
Grandparents naturally want to help their grandchildren get a good education; is opening a separate RESP really the best option?
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.
You’re drafting your will, and want to bestow the honour of being your executor to someone you trust. But, if they don’t live here in Canada, that could have some big implications for your estate.
Despite the memories, there may come a time to sell your family cottage. It could cause grief and family turmoil, but it doesn’t have to.