Category Archives: Uncategorized

What is an RESP and How Does it Work?

RESPs are government approved plans designed to assist and encourage Canadians to save for post-secondary education. RESPs are not specific investments, but a vehicle used to hold a variety of investments and shelter them from taxes. Contributions to an RESP grow tax-free but unlike RRSPs, they are not tax deductible. There are two types of plans – family plans and specified [...]

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How do Mutual Funds and Segregated Investment Funds Differ?

What is a Mutual Fund? A mutual fund is a pool of money contributed by many investors that is managed on their behalf by professional fund managers. Mutual funds offer investors a wide choice of professional managed, diversified, liquid and affordable investments that can be conveniently purchased. Often the most difficult task is determining which mutual funds are [...]

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