Financial literacy is an essential skill that helps children develop money management skills, promotes financial independence, and enables them to make informed financial decisions. It is important for children to learn about Financial concepts and principles at an early age to set them up for financial success as adults. The lack of financial education is…
It’s hard to keep track of the changes to our family benefits, but the upcoming change from the new Liberal Government is definitely going to make a difference to your monthly budget. It is supposed to be an increased amount for 9 out of 10 families!
The Canada child tax benefit (CCTB) is a tax-free monthly payment made to eligible families to help them with the cost of raising children under 18 years of age. The Canada Revenue Agency uses information from your income tax and benefit return to calculate your CCTB payments. You can use this handy calculator to get an idea of what you can expect starting July 1st!
Now that you have an idea of how much to expect – how will you spend it? Perhaps RESP’s? Read here for some tips from our experts about RESP’s.
Starting Dec. 1, 2022, parents in British Columbia will save as much as $550 more per month for each child they have in participating licensed child care facilities. This funding will lower fees for children kindergarten age and younger by up to $900 per month.
A good lesson for children to learn early on is the power of saving. That $20 bill Grandma gave them can supplement their allowance, allowing for a bigger purchase in the future if they save it now. To help demonstrate the benefit of saving, brainstorm some ideas with your child about what they might want…
You can kickstart financial literacy at home with books designed for every age to teach your kids the ins and outs of money management.