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Investing from Newborn to High School If you’re Canadian, you’ll recognize that RESP Kitchener stands for Registered Education Savings Fund. If you’re reading from another country, the discussion below applies just as much to your own registered or non-registered savings for your children’s college or university education. This post may contain affiliate links, which means I make a small commission if you decide to purchase something through that link. This has no cost to you, and in some cases may give you a discount off the regular price. If you do make a purchase, thank you for supporting my blog! I only recommend products and services that I truly believe in, and all opinions expressed are my own. As an Amazon Associate, I earn from qualifying purchases. Please read my disclaimers for more information. What is an RESP Kitchener? The Registered Education Savings Plan (RESP) is a government program designed to help families save for children’s post-secondary education costs. The RES...

  Nearly two in five gen Z (38 per cent) and millennials (36 per cent) say they have suffered mental health declines since the pandemic began. The top reason cited by those who feel reluctant to admit or would not admit to struggling with a mental illness is privacy, followed by fear of being treated differently and stigma. However, seven in 10 believe that disclosing their mental health troubles would have a negative impact on their own personal wellbeing, while two-thirds feel there would be negative consequences for family and friend relationships. Close to seven in 10 also say that there would be a negative impact on work productivity (67 per cent) and coworker relationships (65 per cent). Nearly one in two (48 per cent) Canadians are “very concerned” about their mental health as a result of the effects of the COVID-19 pandemic, according to a survey  One in five people in Canada has a mental health problem at some point in life, according to the Centre for Addiction and M...

  Are you ready to implement a group RRSP in your business? You’ve made an excellent decision to offer a retirement plan to your employees. However, before initiating this process, it is important to consider 9 specific points that are featured in this article. 1 – Plan membership Do you want to offer a mandatory or optional plan? The vast majority of companies choose an optional plan, where enrollment is voluntary for employees. 2 – Employee eligibility Do you want to allow employees to enroll in the group RRSP Kitchener upon hiring or after a few months of service? You may have a different rule for full-time and part-time employees and even for different employee classes. For example, managers could be eligible for your group RRSP right upon hiring whereas other employees would have to wait three months. 3 – Employer contributions to the group RRSP Kitchener Do you wish to make contributions for your employees, as an incentive to save for their retirement? This is the best way t...