In this ongoing money series, CNIB National Youth Council Member, Danica Frappier, and Scheherazade Hasan from the Wealthsimple Foundation, examine banking fundamentals and accounts, financial support available to people pursuing post-secondary education in Canada, and more.
Taxes
Understanding how taxes work and filing your taxes doesn't have to be intimidating. Danica and Scheherazade break down who should file a tax return, how to get ready to file your taxes, deductions and credits and more. Learn about your taxes so you can feel confident when filing your personal income tax return.
Money Mindset
Danica and Scheherazade talk about what a "money mindset" means and how creating a positive attitude about money can help you achieve your financial goals. Learn how even students can take small actions to cultivate a healthy attitude towards money by avoiding feelings of shame about money and taking small steps to build financial wellness.
Registered vs. Non-Registered accounts
Danica and Scheherazade discuss the differences between registered and non-registered accounts. Discover the benefits of both types of accounts and different kinds of accounts available in Canada like the Tax Free Savings Accounts, Registered Retirement Savings Plans and the Registered Disability Savings Plan. Learn the tax benefits of both registered and non-registered accounts and how you can help you achieve your financial goals.
Registered Education Savings Plan (RESP) and the Canada Learning Bond (CLB)
Danica and Scheherazade beak down the financial support available to people pursuing post-secondary education in Canada. Find out what an RESP is and how you can benefit from free government grants that can help with your post-secondary education.