Is a “Child Plan” Better Than a TFSA for My Kid’s Savings?
If you’re like most parents I talk to, you’ve probably had “Open a TFSA for the baby” on your to-do list since the day you got home from the hospital. We’ve been told for years that the Tax-Free Savings Account (TFSA) is the ultimate Canadian gold standard for saving money. But there’s a massive catch […]
The Education Savings Trap. Why Parents Are Choosing Whole Life Insurance For Their Children’s Future Wealth?
Although we are bombarded with messaging about RESPs, not many Canadians are using them. This is quite surprising given the high cost of post-secondary education which can amount to $60,000+ for a four-year undergraduate degree. If you have young children now, the costs will most likely more than double by the time they are university […]
What does Chat GPT think of Child Plan™?
A Child Plan™ is a type of life insurance policy that combines life insurance with a savings component to provide both protection and savings for your child’s future needs. Here are some benefits of a Child Plan™: Flexibility A Child Plan™ offers more flexibility than an RESP in terms of how the money can be […]