Cynthia Caskey, vice president, portfolio manager & sales manager, TD Waterhouse Private Investment Advice, explains how advisors can help clients save for their children’s education. She spoke with Clare O'Hara, Investment Executive staff writer, at the TMX Broadcast Centre in Toronto.
Educate clients to help them maximize grants and choose the right plan
As tuition climbs, advisors should urge clients to start planning early on
Jamie Golombek, managing director of tax and estate planning at CIBC Private Wealth Management, discusses the implications of Ottawa's budget amendments to RDSPs and RESPs. RDSPs have been streamlined and several aspects are more favourable to the beneficiary, including guardianship and repayment terms. He spoke form the budget lock-up in Ottawa.
Dealers of group resps say they are facing some “unprecedented” requirements as part of the regulatory overhaul of this sector.
Over 1.4 million group savings plans in existence in Canada
Proposed prospectus form designed to provide better understanding of the benefits, risks and costs of investing in scholarship plans
Only half of parents have invested in an RESP
You can help your clients manage the escalating costs of college and university with early planning