Ever since its peak in the early 1990s, Somali immigration to Canada has been moving at a steady pace, with nearly 1,500 new permanent residents in the year 2014, according to Statistics Canada. Despite this…
View More Somali Parents Unaware of Savings OpportunitiesTag: RESP
Saving With RESPs Not Un-Islamic
Hussin Masaud, originally from Iraq, has resided in Canada for over 26 years. A father of three, he attests to having Registered Education Savings Plans (RESPs) for all of his kids, who are 14, 11…
View More Saving With RESPs Not Un-IslamicEducation Saving Difficult For Newcomers
For newcomers to Canada from countries like India, who may be struggling to become financially secure, the government has a number of plans that may be of assistance. The catch — people have to be…
View More Education Saving Difficult For NewcomersPakistani Parents Find Savings in RESPs
For many immigrants arriving in Canada, quality education for their children is top of mind when they get here. Although high school education is free in Canada, post-secondary education is quite expensive. In order to…
View More Pakistani Parents Find Savings in RESPsNew Immigrants Struggle to Save for College
In today’s economy, Filipina-Canadian healthcare worker Bing Orense struggles to save for her children’s education. Still, she puts in $150 every month for two of her kids — Jenny, 15, and NJ, 12 — knowing it will…
View More New Immigrants Struggle to Save for College