RESP

What is the Indexed Family Education Fund (RESP) and how to build a good portfolio? How to maximize RESP withdrawals? How to make sure you have enough for your child’s university tuition? Learn how to build your RESP portfolio with Million Dollar Journey, one of Canada’s oldest and most detailed Personal Finance blogs.

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Top Canadian High Interest Savings Accounts

Best High Interest Savings Accounts 2022

By FT September 28, 2022

High interest savings accounts (HISA) are considered a safe way to keep a stash of cash you are saving for short term use. For example,…

Questrade Logo

Questrade Review 2022 [$50 Promo Offer Code]

By FT September 2, 2022

Is Questrade Safe & Secure? One of the most common questions that I have gotten in the comments below is: Is investing my money through…

Resp Strategy

The RESP Strategy

By FT January 21, 2022

An RESP, or Registered Education Savings Plan, is a tax-deferred investment account designed to help pay for a child’s education. RESPs are eligible for government…

How Do I Maximize Resp Withdrawals

How Do I Maximize RESP Withdrawals?

By FT January 3, 2022

With my oldest child turning 11 this year, my mindset and strategy for our family RESP is starting to shift from accumulation and growth to…

Indexed Family Education Fund Portfolio

Indexed Family Education Fund (RESP) Portfolio Update – 2020 Edition

By FT May 17, 2020

During this time of uncertainty, many readers have contacted me for continued portfolio updates.  One group in particular –  parents –  are asking me what…

Late Starting Your Resp

Late Starting your RESP? Here’s how to Catch UP!

By FT September 9, 2019

A friend of mine, Gary, recently asked me about registered education savings plans (RESPs) and if it’s too late to get started. Gary’s kids are…

Most Recent

Top Canadian High Interest Savings Accounts

Best High Interest Savings Accounts 2022

By FT September 28, 2022

High interest savings accounts (HISA) are considered a safe way to keep a stash of cash you are saving for short term use. For example,…

Questrade Logo

Questrade Review 2022 [$50 Promo Offer Code]

By FT September 2, 2022

Is Questrade Safe & Secure? One of the most common questions that I have gotten in the comments below is: Is investing my money through…

early retirement financial freedom

How To Retire Early in Canada

By Meg March 10, 2022

Have you ever thought about early retirement? Stopping work in your 50s (or earlier) and being able to relax and do the things you’ve always…

Resp Strategy

The RESP Strategy

By FT January 21, 2022

An RESP, or Registered Education Savings Plan, is a tax-deferred investment account designed to help pay for a child’s education. RESPs are eligible for government…

How Do I Maximize Resp Withdrawals

How Do I Maximize RESP Withdrawals?

By FT January 3, 2022

With my oldest child turning 11 this year, my mindset and strategy for our family RESP is starting to shift from accumulation and growth to…

Tfsa Vs Rrsp2

TFSA vs RRSP- Canada’s Registered Account Faceoff

By Marc January 23, 2021

The eternal questions I get every year, especially around tax season, are: “Should I max out / invest in my RRSP or TFSA?”  “RRSP or…

Indexed Family Education Fund Portfolio

Indexed Family Education Fund (RESP) Portfolio Update – 2020 Edition

By FT May 17, 2020

During this time of uncertainty, many readers have contacted me for continued portfolio updates.  One group in particular –  parents –  are asking me what…

Late Starting Your Resp

Late Starting your RESP? Here’s how to Catch UP!

By FT September 9, 2019

A friend of mine, Gary, recently asked me about registered education savings plans (RESPs) and if it’s too late to get started. Gary’s kids are…

Indexed Family Education Fund Portfolio

Indexed Family Education Fund (RESP) Portfolio Update – 2019 Edition

By FT January 21, 2019

It has been about a year since my last RESP portfolio update which is probably an appropriate time span since it’s a fairly steady portfolio that is…

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