Having A Baby


SO YOU'RE GOING TO BE A PARENT...

When getting ready for the new baby, there's a lot to think about. Is your current home big enough for your growing family? Nursery... what colour should you paint it? Should you use cloth or disposable diapers?

Most soon-to-be parents don't immediately think about the financial and legal preparations they need to start making. According to moneysense.ca, the average cost of raising a child to age 18 is a whopping $243,660. Break down that number, and that's $12,825 per child, per year - or $1,070 per month. And that's before you send them off to university!

We want to share our knowledge with you and help you identify your new and changing financial needs. We can help you find solutions for questions like the following:

  1. Why are savings so important at this stage?
  2. How do I start preparing my child for a lifetime of good financial habits?
  3. What about contingency savings plans and my own financial goals?
  4. How do I start preparing for my child's education?

These are just some of the questions that you'll soon be asking yourself and our staff have years of experience in finding solutions to questions like these for people just like you. Take question four, did you know that once you've started your child's RESP, anyone can contribute on behalf of your child? That is a great idea for friends and family when considering birthday or holiday gifts. Did you know that you can start an RESP shortly after your baby is born? You just need to apply for a Social Insurance Number (SIN) for your baby. Find out how.

For more information or to make an appointment, please contact us.

WE CAN HELP!

 

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