Student Money Guide Sep 26th

How to go about securing the best savings strategy in Canada.

Latest News

25 timeless personal finance tips from MoneySense + MORE Jan 30th

To help celebrate MoneySense’s 25th anniversary, we are republishing (and updating) an article from the June 2014. The editors collected some timeless financial advice and money tips from the archives. Editor- and expert-approved, and fit for 2023 and beyond. 1. Pay yourself first .... More »

2025 tax credits, due dates, and when you can file: Your 2025 income tax return guide + MORE Jan 28th

Tax season is once again nigh. The Canada Revenue Agency’s deadline (for most of us) is fast approaching on April 30. Bookmark this page for easy access to key dates and deadlines, tax rates, tips, and links to help you prepare your 2025 personal income tax return. We will be updating it as new in.... More »

Should you pay your tax instalment payments? + MORE May 13th

If you generally owe when you file your tax return, you are probably accustomed to paying quarterly income tax instalments. These are requests to pay some of your estimated tax for the current tax year in advance, even though it is not due until the following April. Everywhere but Québec, the tr.... More »

Can a first-time home buyer have a mortgage co-signer? Sep 18th

If you’re in the market for your first home but need help coming up with the financing, you do have some options, including asking someone to co-sign the mortgage. Involving a third party is probably not what you envisioned for home ownership, but recent interest rate hikes and rising real estate .... More »

You opened an RESP—now what? Nov 27th

As many Canadian parents and grandparents know, a registered education savings plan (RESP) is a powerful savings tool. Although you can create a college or university fund for your child in other ways, such as a bank account or a tax-free savings account (TFSA), they don’t offer the same valuable .... More »

Student Money Guide

– moneysense.ca

There’s more to college and university than classes. Navigating the costs that come with a post-secondary program is just as much a learning experience as Psych 101—for both students, and the adults in their lives. The best time to start—both saving for school, and learning how to handle money—is when kids are still young. That’s why our Student Money Guide begins with the basics: How to help kids understand the value of money; set them up with their first bank accounts; and all about registered education savings plans (RESPs).

When kids are grown and ready to live on their own, check out the sections on applying for student loans, scholarships and bursaries; covering tuition costs, handling housing expenses; and more.

What do you need help with today? Click on any topic in the list below to jump to the full information in this guide:

For parents and other adults:

The best ways to help kids financiallyHow to set kids, teenagers and young adults up for success with moneyHow to get kids in the habit of savingWhat is an RESP?How to withdraw from an RESPHow to make RESP withdrawals for kids with different educational pathsHow to save money on student housing costs

For students:

Everything you need to know about financial aid in CanadaHow to apply for OSAPHow to save money while you’re in schoolThe best credit cards for studentsThe best bank accounts for studentsIs owning a car worth it for students?

The best ways to help kids financially

Regardless of whether your kids are fast approaching their post-secondary schooling or just graduating from kindergarten, the sooner you and your child start saving for education costs, the better…

Continue Reading On moneysense.ca »

Stay tuned for more Savings wisdom brought to you by banks.ca!

Share