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5 Things to Know About a Registered Education Savings Plan

If you have thought for awhile about opening up a heritage RESP or Registered Education Savings Plan, but aren’t sure whether or not it is the right choice for you, then it’s time to learn a few of the little known facts about these accounts, how they are used, and what problems you may run into in the future. When you have more information, you will be much more likely to make the right decision regarding your savings account.

1. Your Income Can Be Taxed
Many people are surprised to learn that when you set up a Registered Education Savings Plan, or RESP, that your income can be taxed. This can be confusing for some people because money isn’t taxed when it is added to the RESP, but instead the amount withdrawn is taxed. Additionally, parents need to understand that when they set up a RESP they won’t get any tax deduction on the money that they invest. It’s important to advise teens and young adults on the taxes that they will be required to pay when they withdraw money from this account.

2. Children Will Have to Attend a Specific School
This doesn’t mean that children are only locked into going to one particular school to get the benefits from a heritage RESP, which is something that a lot of parents fear will happen when they open these accounts. Rather, it means that children must attend a university or college that has been approved for these funds. Additionally, children will then need to participate in an academic program that qualifies for the funds.

3. There Can Be More Than One Beneficiary
A lot of parents are surprised to learn that they can add more than one child as the beneficiary of a heritage RESP plan. Parents who have multiple children can make it much easier on themselves by adding all of their children to one RESP rather than trying to juggle multiple accounts and savings plans in the future. This also makes it easy to remember how much was contributed for each child.

4. The Government May Help
The government can actually help by contributing funds in the form of grants to RESP accounts. It can be a little difficult to decide how to optimize investments to get the largest amount of money possible from the government, which is why so many parents turn to a financial advisor. Since parents need to work through a number of different decisions and choices, this can often be the best way to get the help that is needed to make the right decision.

5. The Plan Won’t Go to Waste
Parents who set up a RESP and then don’t have a child that qualifies for it or have a child that doesn’t want to use it can easily transfer the plan to another child. This is great, as it ensures that the money won’t go to waste. Even if there aren’t any siblings to transfer the account to, it can easily be transferred to a niece, nephew, cousin, or even friend.

6 Steps to Replace Door Glass Insert

Making minor improvements around your home is a great idea. You’ll be able to enjoy a better living space and increase the value of your property at the same time. One task you may want to take on involves replacing a glass insert in your door. You may have found one that you like better, such as stained glass insert that looks more attractive. Below you’ll see the tips for making this replacement task a much easier one.

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5 Home Staging Facts That Are Actually Myths

Home staging has become extremely popular over the last few years among people who are trying to sell their homes and the real estate agents they choose to help them. Of course, as with anything else that is new, there is a debate raging as to whether home staging really helps or is indeed just a way for home stagers to make themselves a little money at the homeowner’s expense.

No matter which side of the stage you land on with this debate, there are a few home staging myths out there that need to be debunked. In this list, we will list five home staging facts that are actually myths.

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4 Fast Facts About Real Estate Commission Advances

When you work as a real estate agent, it can get pretty exciting as you hunt and finally get that sale. You make a nice commission. However, sometimes the commission does not come as quickly as you would like it. This can put you in a difficult position.

After all, you need to survive. You have bills to pay as well. If you go short, then it can be a struggle to pay bills. Nobody wants to dig into their reserves. That is for a rainy day. Well, there is a way you can get an advance in your commission, so let’s take a look at a few things you need to know.

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4 Business Objectives of Implementation Consultants

Whether your business is doing well or struggling to achieve its specified goals, it is always beneficial to have someone on your side to review operations, make recommendations regarding how to improve, and help with any transitions. Many companies these days are seeking the assistance of implementation consultants and there are many reasons why this should be considered.

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7 Skin Issues That Can Be Healed With Microneedling

You can roll back the years with a reputed micro-needling procedure. This procedure can make you feel more confident with your appearance as the treatment rejuvenates and boosts your skin.

It is a good and probably even the quickest treatment for skin resurfacing. The needling process prompts your skin to create new collagen and to improve your skin texture.

Basically, the procedure helps to repair your skin and create a softer appearance. If you are struggling with skin abnormalities such as an uneven skin tone, scarring, stretch marks and other common skin issues, then the best option is the micro-needling procedure. This procedure is known to reduce and even remove stubborn scars, pores, acne and stretch marks. After the treatment, you will look and feel better about yourself because your skin looks rejuvenated.

The treatment is affordable with minimal discomfort and downtime. You can consider this treatment and not have to worry about taking time off work to recover. It is commonly used for the face, but dermatologists are also using it for other areas of the body to remove stretch marks or spots. There are many skin issues that can be treated with the micro-needling procedure. Here are the common ones that have been solved effectively with this treatment.

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5 Beginner Advice for Car Title Loans

Car title loans are a great way to get quick cash when you need it the most. When determining if car title loans are worthwhile for you, be sure to consider all the pros and cons as well as your unique financial situation. It is important to understand how car title loans work too, below are five facts.

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8 Real Estate Myths Debunked and Demystified

Real estate is a complex industry, which is often filled with lots of misinformation and misconceptions. Let’s burst some real estate myths that simply don’t add up.

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4 Most Commonly Used Packaging Types for Businesses

Every business owner that relies on the production and efficient distribution of their products understands the important step that transportation is in their business. A business owner cannot be satisfied by just how well the production of the products is going on in the factory. The business owner can only heave a sigh of relief once those finished goods have been transported either to the storage facility or the end consumer.

Since the packaging material plays a vital role in the safe transportation of the goods, it is important to consider all the options available to you, evaluate the benefits and drawbacks of each option with respect to your product, and only then make a decision on the packaging type you will go forward with.

Sometimes, depending on the business and the products, you may even end up choosing a few of the available options. But whatever the choice is, you can be rest-assured of having made the right choice once you know what each packaging choice has to offer. Below, we elaborate on the same to help you take the right decision. (more…)

5 Steps to Design an Effective Mascot

It’s important for a mascot to accurately represent a company’s brand and products. Failing to use relatable features can result in confusion and ineffective character that consumers are not engaged with.

To prevent this consequence from impacting your design certain tactics should be used on it like: bright colors, clear logos, innovative technology, friendly facial features, durable materials and flexible material that can increase its appeal.

If you’re in the process of designing a mascot, this blog post will explain the common features of an effective mascot.

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