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and over time, interest accrues. These are tax-efficient because they are considered tax-exempt. Depending on the plan, you can later withdraw funds to help pay for your child’s education, graduation gift, wedding, and so on.
When your child enrols, the school or school board will assess their level of education and decide which year they should enter and if they need additional support, like language classes. Required school enrolment documents include: Birth certificate Proof of guardianship or custody Proof of ...
Significant life events like retirement, post-secondary education, getting married or buying a home can require a healthy stack of cash. The higher yields offered by HISAs can help you build that stack a little faster. How to choose the best high-interest savings account Each bank or credit ...
Great for: Saving for a child's post-secondary education. Save for a child's post-secondary education with eligibility for government grants.3 Book an appointment Registered Retirement Income Fund (RRIF) Great for: Those retired or near retirement who have an existing RRSP. ...
Mutual fund (互惠基金)— 由专业人员代表众多投资者管理的一个投资项目组合,这些投资者就拥有该基金的“单位”。 N National Child Benefit,简称NCB (国家儿童福利)— 由联邦政府每月发放的福利金,目的是帮助有子女的低收入家庭。 Net pay (净薪资)— 扣除如所得税、加拿大/魁北克退休金计划供款及就业保险保费后...
Since then, the magazine has grown to be the only national multi-platform brand for all immigrants to Canada, on topics from careers to education to settlement. Canadian Immigrant not only connects newcomers in Canada but also aspiring immigrants from more than 150 countries.MORE Producer/Network ...
Great for: Saving for a child's post-secondary education. Save for a child's post-secondary education with eligibility for government grants.3 Book an appointment Registered Retirement Income Fund (RRIF) Great for: Those nearing retirement who have an existing RRSP. Manage your retirement with...
It can be an individual, a child’s parent or a caregiver. The promoter: The financial institution where the RESP is held and which will pay out the funds when the individual or child attends post-secondary education. The beneficiary: The person who is named on the RESP and will ...
Both the U.S. and Canada have saving plans that can help fund a child's education. The U.S. has tax-advantaged plans, while Canada has an incentive-based grant program.