Apply for child care benefits
The Canada child benefit (CCB) is a tax-free monthly payment provided to eligible families to help them with the rising costs of raising children under the age of 18. How much your monthly payment will be, is determined by your income tax and benefit return each year. Hence you must file your return every year to receive the CCB. Your payment amount will also be ressessed every July based on the information from your tax return from the previous year.
Schedule a meeting for apply for child care benefitsRegistered education savings plan (RESPs)
Saving and investing into a RESP is an efficient way to maximize education savings. Tax-deferred investment growth and eligibility for government grants can make a huge difference to your savings and your child’s future. Our advisors will help you on the investment component, based on your risk tolerance and time horizon. In addition to investment growth, through the Canada Education Savings Grant (CESG), you’re eligible for an annual government grant of 20% to a maximum of $500. You may also qualify for other incentives including bonds and grants depending on your province of residence. Consult us to see if your child qualifies for a $1200 Training and Education Savings Grant, just by merely opening an RESP account, without contributing any funds.
Schedule a meeting for registered education savings plan (resps)Whole life participating plans
A young child may not have any insurance needs, but you may have heard that many people purchase whole life dividend paying insurance for their children. This is because insurance can be a form of savings vehicle, since it regularly pays dividends and a cash value is accumulated within the policy on a tax-sheltered basis. Did you know that just by saving $100/month for 20 years for a newborn, you’re potentially helping him achieve over $300,000 in retirement savings at retirement age, and over $1 million in assets for the child to leave to his estate? Act fast, save now.
Schedule a meeting for whole life participating plans
