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Showing posts from May, 2022

Super Visa Insurance-A Unique Option to Stay Close with Your Loved One in Canada

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    Millions of visitors travel Canada either coming as tourists, students, temporary workers, visitors, or even for business. While US citizens and residents do not need a visa to visit Canada, foreign visitors visiting Canada need to apply for a Temporary Resident Visa. Recently a new visa program was announced by the Canadian Government which is known as the Parents and Grand Parents Super Visa. It helps Canadian citizens whose parents and grandparents (who are not Canadian citizens) want to visit Canada. It is easy for them if they wish to stay in Canada for up to 2 years without any need to renew their status. Canada’s popular Super Visa insurance programme allow your parents and grandparents visit you and stay with you for up to two years at a time. They are allowed for multiple entries for a period spanning ten-year. The Super Visa is supposed to be the most convincing option for residents who wish to get close to their loved one if they have no permanent nativity in...

Registered Education Savings Plan (RESP)- A Special Savings Scheme for Parents for Their Child

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  The expense of higher education continues to rise in Canada. It is a reason for which many young people graduate with significant student debt. It happens due to taking a massive educational loan. If you’re trying to alleviate the financial strain by paying for some or all of a child’s post-secondary education, it’s critical to make the most of every dollar saved. Are you staying in Canada and worried about your child’s post-secondary education? A registered Education Savings Plan (RESP) is the best option you are searching for! The Canadian government sponsors a Registered Education Savings Plan (RESP) to encourage investing in a child’s future education. Certain education savings plans provide more benefits than a regular savings account. A registered Education Savings Plan (RESP) is a government-sponsored saving strategy that can help you make the most of your education savings with tax advantages. The most interesting part of it is that the contributor will get a matching...