With our Advanced concepts, they would best be viewed in sequence (for example after the chapter on taxation), but it goes to the strength of our education that you will follow the below topics just fine.

CHOOSE AN ADVANCED TOPIC:

RRSPsREGISTERED RETIREMENT SAVING PLANS (CHAPTER 4)

The RRSP.

The backbone of the Canadian retirement system.

Yet, RRSPs are not well understood by Canadians.

RRSPs help you to pay less taxes -yes, less taxes! Take a look at the video below to understand more about RRSPs, and their impact on your retirement.

WHAT YOU LEARN

  • What are the three places that you pay tax in a tax shelter ?
  • What is a registered account ?
  • How does a non- registered account work ?
  • What kind of investments can you hold in a registered account ?

RRSP BASICS

WHAT YOU LEARN

  • How does your money go into a RRSP ?
  • How do you receive your tax refund with a RRSP ?
  • How do taxes work inside a RRSP ?

RRSP TAX REFUND

WHAT YOU LEARN

  • What is a Group RRSP ?
  • How does percentage of salary contributions work?
  • How do matching contributions work ?
  • How do you get immediate tax savings in a Group RRSP ?
  • What is the compounding difference with a Group RRSP ?
  • How much selection do you have with a Group RRSP ?

GROUP RRSPs

WHAT YOU LEARN

  • When is a RRSP better to save with ?
  • When is a TFSA better to save with ?
  • Why the TFSA is better for very low income canadians ?

TFSAs vs. RRSPs

RESPsREGISTERED EDUCATION SAVING PLANS (CHAPTER 4)

An RESP is aimed at saving for post-secondary education - whether that be university, college, or trade school.

An RESP gets you free money from the Canadian government - yes, free money! And, you pay less in taxes.

Again RESPs are not well utilized by Canadians, but that is about to change

Watch below to learn more.

WHAT YOU LEARN

  • What is a RESP ?
  • What is the maximum contribution into a RESP ?
  • What are Canada education savings grants (CESG) ?
  • What is the tax benefit of saving inside a RESP?
  • What is the length of a RESP plan ?
  • How much do you have to contribute to maximize your CESG ?

RESPs part 1

WHAT YOU LEARN

  • Up to what age can a child get CESG from the government ?
  • How best to contribute to maximize lifetime CESG ?
  • What is the deadline to contribute to a RESP ?
  • How do you catch up on un-used CESG ?
  • How are overcontributions in a RESP treated ?
  • What is the "enhanced CESG" for lower income Canadians ?
  • What is the Canada learning bond ?

RESPs part 2

WHAT YOU LEARN

  • What is an Educational assistance payment?
  • What tax credits do a student get ?
  • How does a Self directed RESP work ?
  • What is a Group RESP/Pooled RESP/Scholarship plan ?
  • What is an Individual plan RESP ?
  • How does a Family plan RESP work ?
  • What to do with RESP money, if your child does not take higher education?
  • How to take money out of a RESP ?
  • How to set up a RESP ?

RESPs part 3

Canada Learning Bond

Eligibility for the Canada Learning Bond has changed.

The key factors remain the same with $25 dollars to start the RESP & $2,000 in free money available for lower income Canadians.

Provincial Incentives

The availability of Provincial Incentives has also changed.

Please refer to the CRA or ESDC website for more information.

  • These two sections do not impact the RESP content, and remain a very small portion of our videos.

REGISTERED EDUCATION SAVINGS PLANS QUESTIONNAIRE

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Take our “RESP” questionnaire based on the above three modules and you can get one of the cool badges below. You can share this badge and show your knowledge to your friends, depending how well you’ve retained our lessons on Registered Education Savings Plans.

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GET YOUR COOL BADGE AFTER COMPLETING

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LIFE INSURANCELIFE INSURANCE FUNDAMENTALS (CHAPTER 5)

Life Insurance is a necessity for every parent, or anyone who is thinking about becoming a parent in the future.

What will happen to your family in the event that something happens to you? Ensure your child isn't left without your salary which would support them.

Watch below to learn more.

Note: Universal and Whole Life Insurance is included in the full program.

WHAT YOU LEARN

  • Why do you need life insurance ?
  • What are the 3 steps to determining your insurance amount ?
  • What is the adjustment period ?
  • What is the replacement period ?
  • How to calculate the current value of assets & insurance ?
  • How to determine how much insurance is necessary ?

LIFE INSURANCE FUNDAMENTALS 1