The group scholarship plan industry in Canada has grown by 47% over 5 years.
Help clients start RESPs with their tax refunds.
The provincial government in British Columbia (B.C.) is proposing a new Training and Education Savings Grant, which aims to assist more families in saving for their children's post-secondary education.
Many of your clients probably have kids in post-secondary education. More often than not, those students have little or no income. All the more reason to file a tax return.
Canada’s debt-to-disposable income ratio is the worst among OECD countries. And our “year-round Boxing Day sale” on debt doesn’t help matters, Blake Goldring, chairman and CEO, AGF Management Ltd., told the Economic Club of Canada last week. Problem is, more spending means low investment. “When Canadians become successful savers, they are far more likely to […]
In response to growing suitability and proficiency standards for advisors in both Canada and around world, the Canadian Securities Institute (CSI) has introduced Advanced Mutual Funds Advice (CMFA), a certificate program to help mutual fund advisors adhered to higher standards while further raising their professional level. “In a complex and rapidly evolving financial services landscape, […]
Jim Virtue, president of PPI Solutions Inc, has been appointed chair of the Institute for Advanced Financial Education (IAFE) for 2013. “I am both honoured and excited to assume the role of chair for 2013,” says Virtue. “The previous board of trustees has done an excellent job in preparing the institute for dramatic growth in […]
Are they the best gift parents can give children, or are there better options?
Many people move to give their children access to better education. Yet depending on when those children immigrate, they may not be able to take advantage of the Canada Education Savings Grant.
Lifetime contribution amount: $50,000 for RESPs opened after 2007 Annual contribution limit: None Maximum age to open: None. However, Canadian Education Savings Grants are only available to children until December 31 of the year the child turns 17. Canada Learning Bonds are available to age 21. Read: Making cash gifts “resp”onsible Duration: until December 31 […]