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‘I Was Worried About How I’d Connect With My Coworkers’: Young Employees Are Struggling to Adapt to the Office Jul 19th
When Lizzie*, a computer sciences student at the University of Waterloo, started her co-op placement at a financial institution in September 2022, she fretted over going into the office; it was her first time in the professional setting—ever. Her first few years of university were online due to th.... More »
Gemini is exiting the Canadian market, plus more crypto news + MORE Oct 9th
Welcome to the Canadian Crypto Observer. In this new monthly column, financial journalist and author Aditya Nain will offer perspective on market-moving headlines to help Canadian investors navigate the cryptocurrency market.
Regulators sound a wake-up call to crypto exchanges
Gone are the day.... More »
How AI is changing online fraud May 13th
Just as we learned to ignore random dubious email requests from a self-described “Prince in a faraway land” seeking help recovering their lost fortune, those scams began to disappear. The same might soon happen to the latest generation of emails and text ruses, with its tell-tale conspicuous mis.... More »
Setting expectations important when lending money to loved ones Dec 10th
When a friend or family member asks for money, several thoughts might cross your mind, including whether or not it’s a good idea in the first place. Lending money to close friends or family can be a risky affair. There are chances you may not see that money again, and even worse, it could sour.... More »
Gen Z Canadians face job losses—but time is on their side + MORE Feb 5th
Statistics Canada has released new employment insurance (EI) data, and it doesn’t look good for Canadian workers. In the year ending November 2025, the number of people receiving EI rose by 16.1%. Among young Canadians aged 15 to 24, the increase was 12.4%. While this group wasn’t hit the hardes.... More »
How to protect family RESPs from being raided
– moneysense.ca
Q. I am a grandparent providing funds for a family RESP. It is for twin grandsons—my son is the father. I have a bit of a concern their mother may decide to withdraw the funds I provided for her own purposes. Is there a mechanism whereby both parents have to sign off if the contributed funds were to be withdrawn and not used for the children’s education?
–Morley
A. Hi, Morley. Contributing to a RESP is a fantastic way to help both your grandsons and your son. Having just helped two children through university myself, I often suggest that you’re going to pay anyway, so why not start a RESP and collect some government grant money along the way?
Your concern about your grandchildren’s mother walking off with the money is, I hope, a very low risk, but one that I know is real. Fortunately, there are a couple of easy solutions that should put your mind at ease.
The key to the solution revolves around the subscriber. Is the subscriber of the family RESP:
–Morley
A. Hi, Morley. Contributing to a RESP is a fantastic way to help both your grandsons and your son. Having just helped two children through university myself, I often suggest that you’re going to pay anyway, so why not start a RESP and collect some government grant money along the way?
Your concern about your grandchildren’s mother walking off with the money is, I hope, a very low risk, but one that I know is real. Fortunately, there are a couple of easy solutions that should put your mind at ease.
The key to the solution revolves around the subscriber. Is the subscriber of the family RESP:
Your son and the boys’ mother;
Only your son; or
You?
Let’s do a quick review of the term “subscriber” and the implications of different subscriber relationships…
