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Registered Education Savings Plan (RESP): the Basics

I will be talking about RESP in the next few posts. The first will touch upon RESP basics related to cash payments made into RESPs; it will be followed by discussion on the¬†payments the beneficiaries receive when they start to pursue post-secondary studies. A third post will compare some of the most common registered savings plans, such as RRSP, TFSA …

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Personal Financial Statements – An Introduction

What are personal financial statements? Financial statements are documents prepared by an entity, such as a corporation, a government, a not for profit organization, a supranational organization (as the United Nations), presenting the financial position at a certain date and activities for a period of time. A set of financial statements is usually composed of a Balance Sheet, an Income …

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