All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
Best robo-advisors in Canada for 2026 + MORE Feb 11th
The name may be offputting, but robo-advisors occupy a key middle way in the investment landscape between do-it-yourself investing and having a live investment advisor. They will cost you a lot less than a commissioned or fee-for-service advisor and the often pricey investment products they recommen.... More »
Skip the chocolates and build financial intimacy instead Feb 6th
Money is something many of us were taught not to talk about. Yet, finances shape everything from whether you’ll have kids or buy a home to when you’ll retire—and nothing kills a romantic spark faster than money stress. In relationships, being on the same page financially isn’t optional, itâ€.... More »
SpaceX stock jumps after record IPO, making Musk the first trillionaire - CBC Jun 12th
SpaceX stock jumps after record IPO, making Musk the first trillionaire CBCSpaceX stock jumps nearly 30% following largest IPO ever Yahoo FinanceSpaceX soars 23 per cent in Wall Street debut and makes Elon Musk the first trillionaire BNN BloombergSpaceX IPO makes Elo.... More »
Canadians to see lower fees and simpler account transfers + MORE Nov 6th
Ottawa plans to make it easier for Canadians to move their banking and investment accounts in a bid to increase competition and reduce costs for consumers. The government said as part of Tuesday’s federal budget, it will move to eliminate investment and registered account transfer fees, which .... More »
The best free personal finance and investing courses in Canada Nov 27th
Financial literacy is an essential life skill. Whether you want to budget, saving, invest or plan for retirement, understanding how to manage money can help you achieve financial stability. Fortunately, there are many free courses that can help Canadians develop greater financial literacy. Below, fi.... More »
You opened an RESP—now what?
– moneysense.ca
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 government grants that an RESP does. It’s designed to encourage families to save, and the only way to get those grants is to make contributions. In addition, an RESP can hold the same types of investments as TFSAs and other registered accounts, and any investment growth in an RESP—including interest, dividends, and capital gains—is tax-deferred until it is withdrawn. (And when it is, it will be taxed in the hands of the plan’s beneficiary—your child, who will likely pay little to no tax.)
Once you’ve opened an RESP for your (grand)child or (grand)children, though, what should you do with it?
How often and how much to contribute to an RESP
Ideally, you should contribute at least $2,500 per year, if possible…
