Don’t believe them: Doctors can be GOOD with money

Our last two posts were all about RESPs - everything you need to know and some very useful funding strategies that are difficult to find elsewhere. With this post, I wanted to switch gears and dive into something I've been thinking about for quite a while.  I've been hearing for years about doctors' reputations for being "bad with money".  Whether…

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How to make the most of an RESP

We learned all about RESPs in our last post.  Now comes the fun part: what is the best way to save in an RESP?First, a quick review of the basic RESP rules.RESP rules -  the quick and dirtyRESP contributions are made with after-tax dollars - i.e. unlike RRSPs, there is no tax deduction for RESP contributionsThe government will top-up contributions…

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