There are many things you should consider when choosing a financial advisor. One of the items is their academic training. Would you rather be advised by someone with the minimum amount of qualifications or someone who has made the effort to take extra financial planning courses? Unfortunately, in Canada it is possible to become a [...]
Want to learn more about RESPs? Buy The Book:
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The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.
See it on Amazon now
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I often get asked about the Canadian residency rules for RESP accounts. The rules are not that simple and in fact, make up one chapter in my RESP book which I’m reprinting below. RESP accounts have benefits and risks. The benefits are the generous RESP contribution grants along with tax-sheltering. The risks are extra taxes [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.
See it on Amazon now
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See a comprehensive Mint.com review. I do a lot of networking with other bloggers – one of the issues that has come up over the past year has been non-payment for services from Mint.com. I haven’t done any business with them myself, but I’ve had to listen to endless complaining from my various blogger friends – [...]
Want to learn more about RESPs? Buy The Book:
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The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.
See it on Amazon now
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I had someone ask me recently what a “cash account” was. They were under the impression that it was a temporary holding account for doing RRSP transfers between financial institutions, which is not the case. A “cash” or “non-registered” account is an account that is not tax-sheltered in any way. Any kind of income or [...]
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The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.
See it on Amazon now
|
I wrote an article for Moneyville (Toronto Star blogging site) about the scary post-secondary educational cost estimates that you see in the media from time to time. While it is expensive to go to college or university, things are not as bad as they seem. Please check out the article – Debunking 8 myths about university [...]
Want to learn more about RESPs? Buy The Book:
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The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.
See it on Amazon now
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Recently Rob Carrick of the Globe & Mail, wrote an article called The mysterious world of RESPs revisited. The article featured the seven trickiest RESP rules which I had suggested. In fact, my original list had 10 tricky rules and since I’m not the type of blogger who leaves anything on the cutting room floor [...]
Want to learn more about RESPs? Buy The Book:
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The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.
See it on Amazon now
|
I bought a plasma tv recently. This may not seem like a big deal for most of you, but I have been thinking about buying a flat screen tv for over a decade. In 2000, I couldn’t decide what kind of flat screen to buy and I ended up buying a 27″ tube tv instead [...]
Want to learn more about RESPs? Buy The Book:
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The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.
See it on Amazon now
|
I want to tell you a little secret. I really like it when people say nice things about me. That’s one of the reasons I’ve enjoyed reading all the various RESP Book reviews, because they have all been pretty positive. But this RESP Book review by Krystal Yee, who writes at Gimme Back My [...]
Want to learn more about RESPs? Buy The Book:
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The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.
See it on Amazon now
|
CIBC Investor’s Edge is owned by the Canadian Imperial Bank of Commerce (CIBC), which is not too hard to figure out from the name. Overall impressions Investor’s Edge is pretty typical for the big bank-owned discount brokerage in that the trading fees are sky high unless you are an active trader. They recently made a [...]
Want to learn more about RESPs? Buy The Book:
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The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.
See it on Amazon now
|
Recently Michael James wrote about the possibility of using an RESP account as a financial weapon. Michael suggested that a fiendish person could open up an RESP account for his enemies’ kids, maximize the annual contributions and prevent the parents from receiving any RESP grants in their own RESP accounts. I didn’t think this would [...]
Want to learn more about RESPs? Buy The Book:
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The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.
See it on Amazon now
|
I’m proud to be hosting only the third ever Canadian real estate blog carnival. This carnival was started by Rachelle from Landlord Rescue and contains posts relating to real estate. Investing Thesis presents a guide to investing in REITs (Real Estate Investment Trusts) with Dennis Mitchell of the Sentry REIT fund. Some interesting reasons for [...]
Want to learn more about RESPs? Buy The Book:
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The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.
See it on Amazon now
|
My whole family was sick this week, which is why I didn’t do my normal Wednesday post. Next week, however will be jam-packed with great posts! On with the links Canadian Couch Potato wrote a good piece about risk in RESPs. He includes a few quotes from your’s truly. Bob Aaron wrote about a house [...]
Want to learn more about RESPs? Buy The Book:
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The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.
See it on Amazon now
|
Last week, I had the pleasure of chatting on the phone with Rob Carrick – who most of you know as Canada’s premier personal finance journalist with the Globe & Mail. This Globe & Mail article was the result: The mysterious world of RESPs revealed. It lists seven of the trickiest rules of RESPs. Reviews [...]
Want to learn more about RESPs? Buy The Book:
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The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.
See it on Amazon now
|
I had a ton of mentions in the media this week, which was a lot of fun. Hopefully that will continue! MoneySense interview I wrote a while back about doing an interview with Dan Bortolotti of Canadian Couch Potato for an RESP article in MoneySense. The article is online – it’s about couch potato investing [...]
Want to learn more about RESPs? Buy The Book:
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The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.
See it on Amazon now
|
Financial advisors come in different shapes, sizes and compensation methods. Some will charge you directly for their advice, while some appear to be offering a free service since you never see any fees. Rest assured, nobody works for free. It’s important to learn the different styles of compensation, so you can make an informed decision [...]
Want to learn more about RESPs? Buy The Book:
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The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.
See it on Amazon now
|
I decided to push back my regular Wednesday post to Thursday, because I was too excited about the big media mentions today. Not to mention two more RESP book reviews! Thanks a lot to the journalists and bloggers who made all this happen today. Toronto Star – Ellen Roseman Ellen Roseman wrote a piece today [...]
Want to learn more about RESPs? Buy The Book:
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The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.
See it on Amazon now
|
Lots of mentions and reviews today for The RESP Book. I have to say that I’m really happy with the coverage and praise that the book is getting. Thanks so much to everyone who is writing or telling people about the book. The Globe & Mail Chaya Cooperberg of the Globe & Mail wrote a [...]
Want to learn more about RESPs? Buy The Book:
|
The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.
See it on Amazon now
|
The recent agreement to open up the MLS real estate database to agents working for a flat fee, means that it will be lot easier for people to sell their homes without hiring a commissioned agent. Previously, sellers without commissioned agents couldn’t list their homes on MLS which made selling without an agent, a lot [...]
Want to learn more about RESPs? Buy The Book:
|
The RESP Book: The Simple Guide to Registered Education Savings Plans
Everything you need to know about RESPs.
See it on Amazon now
|
