As we know we are newcomer so to learn many things is difficult for us.for example this morning we had a workshop about education and finance , so I learned many things a bout these subjects, continue education in university for adults or people have a degree university. Or which school is better for children. And how can we get Osap, loan, government grant or what is the meaning resp. It is Registered Education Savings Plan.
Is an investment vehicle used by parents to save for their children's post-secondary education in Canada. The principal advantages of RESPs are the access to the Canada Education Savings Grant (CESG) and a source of tax-deferred income.
This subject was simple but the second part was more difficult than first part.It was about financial.It was about CPP,PRSP,TFSA. The Tax-Free Savings Account (TFSA) is an account that provides tax benefits for saving in Canada. Investment income, including capital gains and dividends, earned in a TFSA is not taxed, even when withdrawn. Contributions to a TFSA are not deductible for income tax purposes, unlike contributions to Registered Retirement Savings Plans. I was confused in this subject. Anyway I think this was very good for me.
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