The RESP: Frequently Asked Questions (FAQ)

An RESP is a “Registered Education Savings Plan” and it is a popular tool to save for education. The idea of the RESP is that you would contribute money into an account, and the government would contribute 20% of what you put in up to $500 per year. There are additional grants available, but there are conditions based on having lower income. The other reason why the RESP may be beneficial is that the income generated in the account would grow tax free until it is withdrawn. This would happen when the child goes to school, which is usually 18 to 20 years from when the child is born. There are limits to what you can put in – $50,000 lifetime per child, and the government will only give up to $7,200 lifetime in grants. The money the government gives you is called the Canada Education Savings Grant (CESG). The subscriber or contributor is the person who contributes money into the RESP and the beneficiary is the person who receives the benefit or the money. The child also has to have a SIN number to have an RESP for them.

What if I Don’t Contribute Every Year?

You can catch up your contributions up to $1000 in grant money each year. You can contribute any amount at any time as long as the lifetime amount contributed is under $50,000.

Can the Child Waste the Money?

In order to withdraw the money, the child must have proof of enrollment in a qualifying school (College, University, and specialized schools like trade schools) the first time the money is withdrawn. After this, the money can be taken out whenever it is needed for books and other school costs. Also, the parent has to ask for the withdrawal from the institution and must direct whether to withdraw from contributions or income for tax purposes.

What if I Have More Children?

You can start a second RESP or transfer the first RESP to a second child if they use the funds instead of the oldest child. Transferring between children can be done with any type of RESP account. The second child would have to be named the beneficiary on the RESP before they can have access to money.

What if My Child Does Not Go To School?

There are several options. The first is to keep the RESP in case your child changes their mind. You can keep an RESP open for 36 years after it is started. The money can be transferred to another child if you have more than one. Any money that is contributed can be taken back by the contributor without penalty. The CESG grant money would go back to the government. All of the income generated is taxed at your income tax rate at the time of withdrawal plus 20%. You can transfer this money into an RRSP if you have RRSP room.

Transferring to an RRSP

If you know for a fact that your children will not be going to post-secondary education, you should stop contributing to your RRSP about 3 to 4 years in advance of this date to allow RRSP room to build up. If you do this, any RESP money that is not utilized for education can be transferred to the RRSP without tax penalty. The government grant would be taken back, but you would be saving taxes on the income generated before your children go to school. The current penalty is 20% taxes on the income generated, which could be quite a lot of money. There is still plenty of time to plan for this and it is something to keep in mind once your children reach their teenage years.

Does My Child Have to Be Full Time in School?

A part time student also qualifies for withdrawals from an RESP.

Does it Have to Be a College or University or Can it Be Any Type of School?

It can be a college or university as well as a trade school, CEGEP (province of Quebec) or any institution approved by a provincial authority under the Canada Student Loans Act, Canada Financial Assistance Act, Province of Quebec Act for financial assistance, an institution certified by the federal Minister of Human Resources and Skills Development, or a school outside of Canada. Visit the web site “Canlearn.ca” for more details.

What Type of Account Do I Need and Where Do I Open it?

There are two main types of accounts, a pooled or group RESP and a self-directed RESP. The group plans tend to have a lot of restrictions so the self-directed type of account is the one recommended. This type of account can be opened at any bank or institution. There are also family plans and individual plans. There is not much difference between these plans in terms of what you can do or not do. To ask for a self-directed RESP, ask for a plan that allows you to buy individual stocks and Exchange Traded Funds (ETFs)

What Can I Invest In?

Any investment that can be held in other registered accounts can also be held in an RESP. This would include, cash, bonds, equities, mutual funds, Exchange Traded Funds (ETFs) and other securities that are traded on an exchange or in a market. Limitations would depend on what type of RESP account you have and where it is located. It is advised to account for the time horizon and timing of withdrawals, risk tolerance, comfort level, and knowledge of investments as well as fees and account restrictions.

Are There Rules When I Take the Money Out?

The money inside the RESP that is paid out is divided into 2 parts: money that was contributed (or Post-Secondary Education Payments), and money that was given by the government or came about as a result of growth of the money inside the plan (Education Assistance Payment). The rule is that if you contributed the money, there are no taxes on it and no limits as to when it is taken out. For money that comes from somewhere else, there are limits so taxes and timing are important.

During the first 13 weeks of school, you can only withdraw $5,000 worth of money that you did not contribute. After that, you can withdraw more of this type of money without limit. The advice is to take out other people’s money before taking out the contributions in case your child does not finish school. If there is grant money left in the RESP and no child can use it, the grant money is given back to the government.

Can I Use an RESP As an Adult?

Yes, by opening an individual non-family RESP and naming yourself both the subscriber and the beneficiary, you can contribute up to $50,000 total over the life of the plan. The attraction lies in the fact that you are eligible for the EAP regardless of whether you attend or pass the class, and that correspondence classes qualify. Although RESPs for adults are not eligible for the Canada Education Savings Grant, they can be one of the few investments that allow assets to grow on a tax-deferred basis, which is particularly valuable if you don’t have any RRSP or Tax-Free Savings Account (TFSA) contribution room.

Do you want to: Learn how the world of money really works without the need of a time consuming or expensive course of study? Discuss what you want to achieve according to your horizon? Restructure your finances to achieve your goals? Advice that is not affiliated with any institution or any product – an independent opinion?

Methods On How To Grow Your Snapchat Followers

Are you searching for means to allure new Snapchat followers?

While Snapchat can be a abundant way to get your business bulletin out, it’s can be a claiming to get apparent by added users.

That’s why we’re put calm this accessible little adviser to get you started.

The Basics:

1: Add accompany from your abode book.

On the Snapchat home screen, tap the apparition figure and again tap add friends.

Snapchat will clamber through your abode book to see if your contacts’ buzz numbers are associated with a Snapchat account. If they are, you can add them as a friend, and if you do, they’ll get a alert to add you back.

As a business owner, if you accept a chump database with buzz numbers, you can acceptation that abstracts into your abode book on your iPhone or Android and chase the aforementioned steps.

And you can aswell acceptation the buzz numbers of Facebook accompany to your Android or iPhone abode book to see which ones are on Snapchat. Just tap settings, again tap Facebook, again tap Update all Contacts.

2: Let your email subscribers apperceive you’re on Snapchat.

Send out an email to your annual allurement them to add you to Snapchat. Yes, it about seems too easy, doesn’t it?

While you’re at it, bead your snapcode in your email newsletters. You’ll aces up new followers anniversary time you forward out an email.

3: Add Snapchat to your website.

You apparently already accept a “Like us on Facebook” and “Follow us on Twitter” on your website. So add your snapcode into the aforementioned area, bond the logo to your alone URL which should attending like this: snapchat.com/add/yourusername.

Visitors will be able to browse the snapcodes from desktop or adaptable to add them.

4: For Traditional Businesses Only

Put your snapcode on the door, application a apparatus such as Sticker Mule to book the decal of your snapcode. This will let bounded barter apperceive you’re on Snapchat, which should get you added bounded followers.

And if you accept business cards, don’t overlook to put your snapcode on those as well. This can advance to added chat with sales affairs on Snapchat, and added sales.

Stepping up your Snapchat Game…

5: Absolute Bulletin Your Snapchat URL

Use a annual such as SocialOomph to run an auto-DM campaign, sending a absolute bulletin to new Twitter followers with a hotlink to your Snapchat URL. Ask them to add you on Snapchat.

You ability say something like, “Thanks for the follow! I column a ton of abundant agreeable on Snapchat, so if you’re on Snapchat too, amuse chase me at __ or bang ___.”

6: Cantankerous Promote on Every Amusing Media Channel

You’ll wish to accomplish your snapcode acutely arresting on anniversary amusing media approach area your business has a presence.

You can absolutely accomplish your snapcode arresting by traveling aphotic on all of your added amusing media channels for one day anniversary week. Simply forward out calls to activity on those added channels, absolution humans apperceive you’re putting on absolutely a appearance on Snapchat today and they should accompany you over there.

By agreement absolute agreeable on Snapchat, it gives your amusing media followers on added channels a absolute acumen to acquisition you and acquaintance you on Snapchat.

Advanced Techniques

7: Teaming Up with Influencers

You can aggregation up with influencers in your alcove or industry to advance the chat about your business and drive followers to add you on Snapchat.

The ambush actuality is to acquisition influencers who accept audiences that bout up with yours. If your admirers is 100 humans and endemic is 100,000, it’s apparently not something that’s traveling to absorption them.

Try accomplishing Google searches for specific keywords that advice you locate humans who are already speaking about your niche.

Then aggregation up, accomplishing a cantankerous advance that builds both your admirers and theirs.

8: Let Barter or Influencers Yield over Your Account

Well that sounds scary, doesn’t it? But it works absolutely able-bodied and done right, there is little to no risk.

Use amusing alert accoutrement to acquisition your superfans. These association are aswell what you ability alarm micro-influencers because they do access their following. They’re already tweeting about your brand, announcement accordant agreeable in your alcove and so forth.

Offer them chargeless articles in barter for their reviews, and let them yield over your annual to acquaint humans how abundant they adulation your products.

9: Use Facebook to get Snapchat followers

Deep ad-targeting is simple on Facebook, so try application Facebook ads to get your snapcode in foreground of adolescent Snapchat users.

Optimize your ad for assurance so that Facebook serves the ad to as abounding humans as possible, active as abounding clicks, brand and comments as you can.

One $50 ad absorb analysis resulted in over a thousand new Snapchat followers, so this can be a amount able adjustment of extensive new audiences. Bethink to ambition the exact humans you would a lot of like to chase you on Snapchat.

10: Use the Advance Button

Snapchat added a affection that allows you to ask your followers to advance your annual to others, abundant like you ability ask for a like, retweet or subscription.

You ask your users to advance your account. Your users again tap on your name and tap on the arrow icon. Again they baddest who they would like to allotment your annual with.

You can accomplish this even added able by getting specific: “Share me with your admired marketer,” or “Please acquaint adolescent moms about me so I can help.”

Growing your Snapchat afterward isn’t as harder as you ability think, already you alpha application some of these techniques.

But remember, accretion your afterward is just one allotment of your Snapchat business action to grow, appoint and convert.

Keep your followers affianced with accordant agreeable and you’ll be able-bodied on your way to Snapchat business success.

Leveraging Google Traffic With the Hashtag

Valued Reader,

It is absurd to allotment all the cartage approach I accept apparent in a individual post, for now we will yield a attending at leveraging Google Cartage with the Hashtag. What this ultimately aftereffect to if leveraged accurately is Google Page One Exposure. Not Page One Ranking, but Page One Acknowledgment and there is a huge aberration amid the two.

There are several methods that will aftereffect in Google Page One exposure, which is aswell how you body High Authority Back Links to your site. This in about-face addition the Google Ranking of your site, aggregate online has a purpose, but added chiefly a sequence.

By application this aforementioned Hashtag tactic and in fact acute a “button”, to see what happens. To my abruptness I begin my posts with Google+ on the aboriginal seek aftereffect page. You are traveling to be application the keywords you ambition to ambition as Hashtags, no added that 2 – 3 Hashtags per post. Remember that agreeable is the alone abracadabra baton to about-face of any kind.

Targeting the Highest Converting Hashtags

If you would like to apperceive which Hashtags are trending on Twitter, again you charge Hashtags Dot Org. Artlessly log in with your Twitter Credentials, you may aswell ambition to Follow Hashtags Dot Org.

You will see the afterward options; Trending on Twitter, Twitter Terminology, Why Use Hashtags?, What’s The Point?, What is a (#) Hashtag?, How To Start a Hashtag, History of Hashtags, Allowed Hashtag Letters, Hashtag Analytics, Twitter Etiquette 101.

For the purpose of this affirmation you ambition to bang on “Trending on Twitter”. You will the after-effects to the Upward or Downward trending Hashtags, but added chiefly the A lot of Accepted Hashtags. Please abject your alternative of Hashtags not alone on your assisting niche, but aswell the keywords you ambition to rank for.

So now you apperceive how to access the a lot of accepted Hashtags, great. Now what, area and how can you use them to focus on Google? All you will charge is your chargeless Google Account.

Once central your Google+ Profile you will see two options which you ambition to focus on next. They are “Collections” and “Communities”, which are appealing abundant like Facebook Pages and Groups. A accumulating is like accepting a Page, and the Community will mirror a Group. Just to accord you a basal abstraction of the aberration amid the two.

Creating a Google Accumulating

This is done by artlessly beat on “Collections”, and again calmly actualize a Collection. But agnate to a blog or website, you ambition your appellation and agreeable to ambition all 3 categories of Keywords you ambition to target. Short Tail, Long Tail and Anchor Text.

Now your Graphic agreeable is appropriately important, if not even added so because you ambition to allure attention. Colour plays a actual important role if it comes to conversion… just a thought. But aswell you ambition to allotment ability chargeless images, so you don’t footfall on any toes.

There are several sites that will accommodate you with high-definition images aural just about any alcove you can anticipate of. You artlessly access “Royalty Chargeless Images” into your web browser, and analysis out the sites on the seek aftereffect page. Yield your time and acquisition which sites will accommodate you with absolutely what you are searching for based on your assisting niche.

Now a abundant abstraction would be creating a accumulating absorption on something like your blog, so you allotment your blog agreeable and ability aural the collection. Never allotment Any Associate Links Anywhere on the Internet, a able column will consistently present a hotlink to a committed area like a blog or website. Your aim is to get those visitors to your own claimed site, and get accustomed as a Professional.

Once your accumulating is created, you are accessible to actualize your aboriginal Community too. But don’t column annihilation yet, we will get to that. For now you just ambition to actualize One Accumulating and One Community, so we can plan from there.

Creating a Google Community

Pretty abundant absolutely the aforementioned as creating a collection, but buck in apperception the affinity to a Facebook Group. Again you accept to ambition your keywords in your Community Title.

Once you accept auspiciously created both your sites, it’s now time to add the “Secret Sauce” by abacus your aboriginal posts. But don’t just flood your profiles with accidental posts, be cold and ambition your audience.

While application the Hashtags you selected, you will now charge absorbing and advantageous agreeable to abide your Accumulating and Community. You charge to affect an audience’s concern to ambition to apperceive more, already that happens you will accretion followers automatically. And if targeting is done accurately you will accretion followers who are in fact absorbed in your agreeable and solutions.

Once you accept busy your Accumulating and Community with keyword affluent agreeable and the Hashtag, you aswell ambition to allotment your posts to all your amusing profiles. Google allows you to allotment your posts to your Google+ Profile, Facebook and Twitter or even archetype the column hotlink should you ambition to present it elsewhere.

A Accumulating and Community is like a sub-domain aural Google, so if your posts appearance up on the aboriginal seek aftereffect to a assertive keyword again those visitors are ultimately directed to your blog or website. Remember, consistently try to allotment posts with links to your claimed domains like blogs and websites, your associate offers should be answer alone there.

There is alone one added abode you should advance buried associate links and that is to your own email account subscribers, but that is an absolute eBook on its own.

Remember that this is a cartage tactic and not a abracadabra button, you charge to cede the time to adept the sequence. This includes establishing the best dates and times to column that will aftereffect in the best conversion. This commodity is like a anatomy for you to body from.

Wishing You Prosperity,

What The Heck Does That Mean?

If you accept a website or abode for one you should apperceive what SEO is. It is seek engine enhancement and basically it agency that what you put on your website should be accordant and accurate abundant that seek engines like Google will like your website and account it on page one of a search. Sounds simple enough, right?

Is that it? Of advance not. Here again are some added frequently acclimated words and phrases and what they beggarly to your website.

Anchor argument is the argument that works a link. That is to say it is important in the branch of SEO because you charge accordant keywords that are acclimated as ballast argument to hotlink aback to your site. If, for archetype your website is about puppies, you wish ‘puppies’ to be your ballast text, not something like ‘swimming pools’ which will be absolutely irrelevant.

What is a backlink? It is a hotlink on addition website that believability aback to your site. You can advance the rankings of your website by accepting a lot of backlinks with accordant ballast texts. What seek engines are searching for is the believability and appliance of any accustomed site, if you accept a lot of that with backlinks and ballast texts you are on your way to a abundant ranking.

You may accept heard the appellation area name afore and all it is is the different abode on the internet that is alone for your site.

Duplicate agreeable may be a acceptable way of abacus added pages to your site, but it is frowned aloft by seek engines. If you accept two or added pages with the exact aforementioned or even agnate agreeable it is bad account for your rankings. Seek engines wish different agreeable on anniversary page and for anniversary page to chase the rules apropos keywords.

Which brings us to what are keywords? Do they accept to be a individual word? No, in fact, keywords can be either a individual chat or a byword of SEO importance. Think what you wish humans to seek for in adjustment to acquisition your site. If your website is about puppies again puppies is what you wish them to seek for. Variations on puppies can plan too, just don’t go too far afield.

At the end of the day, seek engines are searching for superior pages with acceptable agreeable that is accordant to the website itself. Keep them blessed and you’ll rank well.

Why And How To Choose An Accounting Course

Whether you want to start a career in the financial sector or you want to improve your knowledge and move to another department within your own company, taking an accounting course can give you valuable insight, offering you a range of benefits.

Accounting courses are offered to private individuals and companies who are looking to gain knowledge and skills when it comes to basic bookkeeping and accounting tasks. These courses are taken by company owners and employees, helping them understand the financial standing of a company with ease and confidence.

The first benefit to choosing an accounting course is the career prospects. With a certificate in hand, you can increase your chances of being accepted for a promotion within your own company. In the event you are changing careers or have just finished school and looking for a career, having an accounting course accredited certificate can give you the added boost you need to secure the place moving forward.

Next you will find that you can work in just about any industry. Most companies, especially larger companies, have their own bookkeeping or accounting department. This gives you the chance to find an industry that interests you and work within that industry whether it’s a manufacturing company, a retail company or even the financial sector.

The accounting course is something you can use at home to manage your own finances effectively and help you save money where possible to using it within the working environment, whether you own your own company or you are working in an accounts department of another company.

The course give you working knowledge of accounts. This will help you with statements, invoices, payments, general ledgers, profit and loss statements, salaries and more. You can use the knowledge you learn in the course and join it into your working day without delay.

To find the right course for you, there are a few steps you may want to take to make sure you choose the highest quality accounting course to help you make your financial goals moving forward. With the right course behind you, you can improve your own productivity and with working knowledge, you can enjoy what you do each and every day.

Start online. The internet is brimming with information and you can find a handful of training companies offering accounting courses in your local area. Choose a minimum of three training centres, so you can review each one in detail and then compare them against each other.

A little tip. When reviewing the training company, don’t rely on what you read on their website alone. Ensure you conduct your own independent research by typing their name into your search engine, going through the results and finding online forums and independent review sites where you can read the feedback from current and past students. This can help you narrow down your search to that one training specialist you feel will give you the best learning experience.

Look at the courses provided by the centre. Not all accounting courses are the same. You want to find what you will learn in each of the courses and then choose the one you feel is going to be the best match based on your unique learning requirements.

Look at the dates of the courses to ensure that they meet your time frame. If you are working full-time you may need to arrange to take a day or two off for the course. In class courses will provide you with one on one training, helping you understand the syllabus with ease.