Money for Your Child’s Education in Canada? What Immigrant Parents Should Know

Take Control of Your Financial Future in Canada: Book a Financial Clarity Call with Kristina or Adrian - https://www.astoldbycanadianimmigrants.com/financialbrokerWhat should immigrant parents in Canada know about planning for their children’s future?In this episode of Mom-Versations - As Told By Canadian Immigrants, Kristina sits down with licensed financial professional Adrian Morrison for a practical conversation about financial planning for immigrant families in Canada. They discuss what many newcomer and immigrant parents may not know about education savings, government support, protection planning, life insurance, critical illness coverage, and planning ahead for children’s futures. From RESPs and RDSPs to the importance of protecting your income as a parent, this conversation breaks down important financial topics in simple language for families who are building a life in Canada.This episode is especially for immigrant moms, dads, caregivers, and newcomer families who want to make informed decisions but may not know where to start.Take Control of Your Financial Future in Canada.Book a complimentary Financial Clarity Call with Kristina or Adrian:https://www.astoldbycanadianimmigrants.com/financialbrokerIn this episode, we talk about:Financial planning for immigrant parents in CanadaWhat families should know about RESPsGovernment support for children’s educationRDSPs and disability-related financial planningWhy protection matters before investingLife insurance for parents and familiesCritical illness protectionStarting small with financial planningQuestions immigrant families should ask sooner rather than later⏰ Timecodes ⏰0:00 - Survival to Stability1:31 - Immigrant Parent Money Questions2:18 - Important Financial Disclaimer3:13 - RESP Explained Simply4:52 - Government Education Grants6:40 - Why Start Early8:11 - What If They Don’t Go11:27 - Family RESP Strategy13:20 - Savings vs Investing15:42 - Start With $2518:43 - RDSP Basics Explained21:28 - $90K Disability Support23:19 - Product vs Plan24:40 - Protecting Your Future26:15 - Offense and Defense30:43 - Critical Illness Protection32:32 - Child Critical Illness Story35:22 - Insuring Your Child39:12 - Financial Information Gap41:20 - Book Your Clarity Call45:30 - The Risk of Waiting47:06 - Final Money Talk RecapThis episode is for informational and educational purposes only and should not be taken as personal financial, legal, tax, insurance, or investment advice. Please speak with a licensed financial professional before making financial decisions.Watch more Immigration & Motherhood stories:https://www.astoldbycanadianimmigrants.com/momSubscribe on YouTube:https://www.youtube.com/@AsToldByCanadianImmigrants/featuredFollow the Riot Radio Media Hub:https://www.instagram.com/dcsamediahub/#ImmigrantParentsCanada #FinancialPlanningCanada #CanadianImmigrants #RESPCanada #NewcomerFamilies #canadianimmigrantstories