Education Planning
Use Your Business to Put Your Kids Through School
Along with an RESP, a small business-owner has another ace up his or her sleeve to pay for a child’s education – an Employee Profit Sharing Plan (EPSP). An EPSP allows you as a small business-owner to income split with your children. By directing a portion of your income to your children through the use…
Saving for Your Kids’ Education
If you believe the numbers, then plan on spending over $66,000 for a four-year degree at a Canadian university by the time your toddler is ready to go. And that doesn’t even include food and board – these are projected to bring the total to more than $135,000 by 2022. Before you find yourself hoping…