Most Canadians are familiar with the term GIC – Guaranteed Investment Certificate. For those that are not, a GIC is a type of fixed-income investment provided by financial institutions. Typically offered in specific terms (1 – 5 years), a GIC guarantees interest payable and the return of principle at the end of the term. Like …
The long-term rise in the prices of goods and services has significant consequences for Canadian consumers. It affects the cost of living, purchasing power, and overall health of the economy. In this article, we will examine the impact of inflation on Canadian Citizens and discuss how we can mitigate its impact. The most notable effect …
Artificial Intelligence (AI) has become a popular topic over recent years, even more so in the last couple months. The main reason for this surge of interest in AI was the introduction of ChatGPT in 2022. ChatGPT is an AI chat that allows users to enter prompts. The AI can then respond or perform the …
As a parent, a quality education is one of the greatest gifts you can give your child. However, the rising costs of tuition and expenses can make higher education seem financially daunting. That’s where the Registered Education Savings Plan (RESP) comes in. In Canada, the RESP is a government-sponsored investment vehicle designed to help parents …
Investing in Your Child’s Future: The Benefits of RESP for Canadians Read More »
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