When to Put Money in RRSP
When should I put money in my RRSP? A good question to ask, and here is a simple heuristic to help you figure that out. Remember that if you have an RESP or RDSP the waterfall changes or has extra steps.
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Registered Education Savings Plan
RESP or Registered Education Savings Plan is an essential program for saving for University and post-secondary school expenses.
I stopped and checked, and I have dedicated a lot of electronic ink on the subject of the Registered Education Savings Plan and specifically my “interactions†with TD and associated Universities over my daughters’ academic careers. While I used the TD Mutual funds, there are many other better ways to do this. For anyone planning on sending their children to a post-secondary school, the RESP is an essential financial tool.
This is free money folks, why you would not want to have it, is beyond me.
RESP Only For the Rich ?
Is the RESP really only for the Rich? Stats Canada has a troubling report that seems to suggest that is actually the case. Most banks will not market this to a lower income family, so they are unaware of the Canada Learning Bond.
A Guide to Understanding the Tax Considerations When Cashing out an RESP
What are the tax considerations when cashing out or collapsing a Registered Education Savings Plan (RESP)? A few things to remember, about when to withdraw and how that all works as well.
MER : A Worm in the RESP Money Tree
The high MERs some folks pay for their kids’s RESP Mutual funds is truly the worm in the money tree, that is the Registered Education Savings Plan
RESP withdrawals and Taxes
Registered Education Savings Plans (RESP) Withdrawals are an important part of the program to understand, and have big tax implications.
