RESP

Tax News

4 year-end tax tips from Golombek

December’s here, and with it comes several tax deadlines.

By Melissa Shin |December 3, 2014

3 min read

Planning and Advice

What happens to RRSPs in bankruptcy?

Your client just told you they declared bankruptcy. What will happen to their registered investment accounts?

By Ted Michalos |November 12, 2014

3 min read

Market Insights

RESPs: A good idea for hockey kids?

What to do if your client’s child might play professionally.

By Sarah Cunningham-Scharf |October 3, 2014

7 min read

Industry

Parents shouldn’t shoulder university costs, say kids

Parents and kids don't agree on who should finance post-secondary educations.

By Staff |August 25, 2014

2 min read

Industry

Hospital sued after employees sell patient data to RESP firms

Rouge Valley Health System is facing a $412-million class-action lawsuit over two former employees who breached the privacy of up to 8,300 new mothers.

By Staff |June 27, 2014

1 min read

Industry

Target creating dorm-outfitting registry

Your busy family oriented clients may be interested in this time-saving service.

By Staff |June 20, 2014

1 min read

Economic Indicators

Help clients’ kids find scholarship money

With merit scholarship money hard to come by, graduating teens should cast a wide net to find schools offering cash.

By Staff |June 2, 2014

1 min read

Economic Indicators

Young Canadians are financially fit

Canadian youth will start on firmer financial footing than their baby boomer parents, says BMO.

By Staff |May 15, 2014

1 min read

Estate Planning

Client collapses trust to fund daughter’s education

Elsa Koertig, 48, is a single mom and schoolteacher in Moose Jaw, Sask. She earns $65,000 annually and her daughter Ingrid is heading to university. Ingrid’s straight As and clean sweep of provincial and national science fairs caught the attention of Ivy League schools, and her heart’s set on Princeton. She’s earned generous scholarships, but even after factoring in RESPs, the family faces a $10,000 annual shortfall. Elsa’s coming off a messy divorce and is saddled with mortgage, car and other debt payments. But if she could access the $100,000 stock-and-bond portfolio her deceased parents left her in trust, she’d be able to send Ingrid to Princeton. Elsa’s foggy on the details. She knows how much is in the trust, and remembers her parents saying they wanted it to fund her retirement. Can she tap the trust sooner?

By Dean DiSpalatro |March 7, 2014

4 min read

Economic Indicators

Raise minimum wage to $14, say students

Ontario student unions are joining anti-poverty, labour and community organizations in calling on the provincial government to increase the minimum wage to $14 per hour.

By Staff |November 15, 2013

2 min read

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