The Conservatives say they'll contribute 10 per cent more to RESPs if elected.
Here are tips for each decade of your life that will help you not only survive, but thrive, with your finances.
No matter which one you pick, it's best to start early.
School is expensive. Here are ways you can pay for it from the AOL Partner Studio.
The Canada Child Benefit is a new program aimed at helping families with the cost of raising children today and into the future. This is the week when the cheques (or direct deposits) are set to arrive. I'm optimistic that the money will prompt some families to open up a Registered Education Savings Plan for their kids.
Wait until next year, and it may cost you money.
The cost of tuition can be overwhelming to say the least. For families and students trying keep afloat this year, making tuition payments is already a challenge often managed by multiple loans, jobs and sleepless nights spent studying or trying to make the grade in order to maintain a scholarship.
For most young parents, approaching the new school year means getting the family prepared and equipped, and that comes at a cost -- on average, Canadians spend $428 per child to get them ready for school. While the annual cost of sending your children to school is high, there are some much larger costs coming down the road if your child plans on attending college or university.
Many Canadian families will find they have a bit more money in their pockets this month thanks to the increase in the Universal Child Care Benefit. This will be a pleasant boost to many families' bottom lines! As a dad, I get that there are a myriad of enticing ways to use that money.
When I became a parent 15 years ago, I knew it was important to save for my daughter's education. While our income didn't allow for large RESP contributions, we made regular ones, supplemented by money she received, often as gifts, along the way. But with my daughter a mere three years away from post-secondary school, I've learned that my role as a parent extends well beyond helping her finance an education.