There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
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Stock futures open little changed as traders await Nvidia earnings: Live updates - CNBC Nov 17th
Stock futures open little changed as traders await Nvidia earnings: Live updates CNBCNvidia, Walmart, Deere, Target, Snowflake, and More Stocks to Watch This Week Barron'sNvidia results will rock markets TheStreetStock rally stumbles with Nvidia earnings on tap: What.... More »
Investing in the health care sector—better returns than tech? + MORE Apr 19th
The tech sector has been a favourite of Canadian investors in recent years, thanks to growing global adoption of technology, innovative product offerings, a revenue boom and stock price appreciation—all of which have created a fear of missing out among investors. However, tech stocks have been qui.... More »
The cost of the average grocery bill in Canada–and how to lower yours + MORE Jan 17th
Welcome to MoneyFlex, our new column about the financial challenges Canadians are facing today. Each month, journalist and editorial assistant Margaret Montgomery will share expert insights and practical tips to help you flex your money skills—starting with how to tackle inflation’s effects on y.... More »
This 29-year-old has been laid off twice as a server and is starting from scratch, spending all his savings to study UX design. Living at home, he wants financial help + MORE Mar 15th
Peter, 29, a server working in Halton Region, was laid off for the second time in December, during COVID-19’s second wave. Currently, he’s receiving $1,800 a month (before tax) through Employment Insurance..... More »
Tesla Q2 Delivery Expectations Coming Down. The Key Number Might Be Energy Storage. - Investor's Business Daily Jul 1st
Tesla Q2 Delivery Expectations Coming Down. The Key Number Might Be Energy Storage. Investor's Business DailyTesla is running out of excuses for its prolonged sales slump Yahoo FinanceAnalyst puts Tesla stock on key ideas list as Q2 deliveries loom TheStreetTesla add.... More »
RESP investing for busy parents
– moneysense.ca
Saving for university isn’t always top of mind when you’re a busy new parent, knee-deep in diapers. Add the steep cost of daycare along with the stress of trying to juggle work and toddlerhood, and setting aside funds for your child’s post-secondary education can feel like an insurmountable task parents have neither time nor money for. And, so, it gets put off. According to an August 2020 report from Statistics Canada, 50% of all post-secondary students graduate with a median debt of $17,500.
Faced with the economic uncertainty brought about by the COVID-19 pandemic, longer-term financial planning may not feel like a priority for some families. But the truth is that putting a plan in place for your child’s post-secondary education is more important than ever now; with the end of the pandemic still uncertain, it’s a way to start getting ahead of future uncertainty. The good news is that CST Spark makes setting up a Registered Education Savings Plan (RESP) a snap. Parents can control exactly how much or how little they want to contribute at any given time…
Faced with the economic uncertainty brought about by the COVID-19 pandemic, longer-term financial planning may not feel like a priority for some families. But the truth is that putting a plan in place for your child’s post-secondary education is more important than ever now; with the end of the pandemic still uncertain, it’s a way to start getting ahead of future uncertainty. The good news is that CST Spark makes setting up a Registered Education Savings Plan (RESP) a snap. Parents can control exactly how much or how little they want to contribute at any given time…
Unconventional ways of investing in a family RESP
– moneysense.ca
Q. We have had a family RESP for many years with three beneficiaries: a son of mine from a previous marriage and two kids of our own. I have been the only subscriber for the RESP as it is my understanding that in order for there to be joint subscribers (that is, myself and my wife), all beneficiaries must have a blood relationship with all subscribers. That rules out my wife as a joint subscriber, as she obviously does not have a blood relationship with my son from my prior marriage.
If my understanding above is correct, how does it work if I want to name a successor subscriber in my will? Can I name my wife, as she would then be the sole subscriber in the event of my passing? If not, who could I appoint?
–Bill
A. Bill, you’re good. Your wife can be a joint subscriber without literally being a “blood relative.” Here’s confirmation from the Government of Canada website, in sections 4(f) and (g).
Joint subscribers can be the parents, guardians; spouses or common-law spouses.
With that cleared up, I need to ask: Have you given any thought as to RESP contribution strategies?
Most people aim to contribute $2,500 a year, in order to maximize the annual grant of $500, which is 20% of $2,500…
If my understanding above is correct, how does it work if I want to name a successor subscriber in my will? Can I name my wife, as she would then be the sole subscriber in the event of my passing? If not, who could I appoint?
–Bill
A. Bill, you’re good. Your wife can be a joint subscriber without literally being a “blood relative.” Here’s confirmation from the Government of Canada website, in sections 4(f) and (g).
Joint subscribers can be the parents, guardians; spouses or common-law spouses.
With that cleared up, I need to ask: Have you given any thought as to RESP contribution strategies?
Most people aim to contribute $2,500 a year, in order to maximize the annual grant of $500, which is 20% of $2,500…
Best Deals In Best Buy's Early Black Friday Sale: Cheap Games, 4K TVs, Headsets, And More – GameSpot
– news.google.ca
Best Deals In Best Buy’s Early Black Friday Sale: Cheap Games, 4K TVs, Headsets, And More GameSpotAmazon Prime Day 2020 is almost over – shop these Canada deals before it’s too late Yahoo Canada Shine OnPrime Day Nintendo Switch deals: Unbeatable Nintendo Switch Lite price drop ends in 15 minutes! Creative Bloq15 of the best Prime Day deals that are quickly running out of stock (or will be soon) TechRadarPrime Day 2020 may be over – but there are still tons of deals to shop on Amazon Canada Yahoo Canada Shine OnView Full coverage on Google News
