The party would raise the Canada Education Savings Grant amount to 30% on annual contributions
RESP manager decides to wind down plan
Poll respondents say debt repayment and RESPs are top priorities
Find out which planholders are affected
Advice for the first 10 minutes of a meeting
It’s possible that many of your clients’ children do not have RESPs. In 2014, Statistics Canada found that only 48.5% of children had received the Canadian Education Savings Grant (CESG), which is calculated based on contributions made to RESPs. Further, a non-government survey published by the Bank of Montreal in the same year found that […]
Wealthsimple has relaunched its RESPs so that new and existing clients can open and fund the plans online through Wealthsimple's mobile or web app.
Client Profile Janet Wilson,* 34, is a self-employed physiotherapist. She’s thinking of starting a family with her partner, Jeff Medoza, who works in a community arts organization in their hometown of Sudbury, Ont. Janet paid employment insurance (EI) premiums when she held retail jobs as a university student, but it’s been years since she contributed. […]
Sometimes, the small talk you have with clients at the beginning of a meeting can lead to deeper discoveries about their planning needs. Here’s an example. In the first 10 minutes of a meeting, your client says: “I came from lunch with my niece to celebrate her getting into university. Now she just has to […]
Beneficiaries could be hit with unexpected income inclusions