News & Education

Welcome to our WealthStyles segment – your online access to approachable ideas about financial planning with a lifestyle and life event approach.

Raising Children
available in PDF format

Plan ahead for your children's education and get the CESG working for you .
It's never too early to start thinking about your children's education, even if they aren't in kindergarten yet. The earlier you start making any investment, the sooner you take advantage of the benefits of compounding, which can add up significantly over the years.

A key benefit of RESP's is tax-free compounding. That is, the money you contribute to an RESP grows tax-free until withdrawn. If the child is enrolled in a qualifying education program, the withdrawals will be taxed in their hands, which usually means very little tax will be payable.

For the full article, click here (PDF format)