Tuesday, November 3rd, 2009
Have you ever thought about going back to school as an adult, but wondered how you would be able to afford it? In this post, we look at using money from an RRSP to finance a Lifelong Learning Plan. Click here for a comprehensive overview.
In 1998 the Federal Budget contained a new education funding plan called the Lifelong Learning Plan (LLP), which allows people tax-free withdrawals from an RRSP to finance post secondary education and skills training, either for themselves or their spouse, under certain conditions. (more…)
Tags: Education Planning, Investments, RRSP
Posted in Education, Investments | No Comments »
Thursday, October 29th, 2009
People are often surprised to discover how dramatically the cost of a post-secondary education has increased over the past decade. We’ve all heard how governments have scaled back spending on post-secondary education in an era of fiscal prudence. What is not always clear, however, is how these cutbacks will affect both students and parents in the future and what can be done about it today. (more…)
Tags: Education Planning, RESP
Posted in Education | No Comments »
Friday, October 9th, 2009
When it comes to major purchases such as a house or major expenses such as providing for your children’s education, major savings goals can seem overwhelming at first glance. That’s okay; if it was easy, everyone would own a nice home and have a Ph.D. It’s not easy, but it’s nowhere near impossible either. (more…)
Tags: Education Planning, High Ratio Mortgage, Home Buyers Plan, Savings, Traditional Mortgage
Posted in Investments, Real Estate | No Comments »