Parents
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As parents, we try our best to teach our children good manners and study habits, but we don't always remember to teach them the value of money and how to manage it. Adults, however, devote a lot of time to financial management, since it can have a significant impact on the quality of their lives and even on their health.
If you want to prepare your child for financial independence from a young age, you're in the right place.
Where do you fit in?
Are you expecting a baby? As you prepare to welcome the new addition to your family, don't forget to consider your financial needs and plans. With proper preparation, you'll be able to meet your bundle of joy with peace of mind and fully enjoy the new adventure.
It will be in your name and can be transferred when your child is old enough to manage their own money.
An RESP benefits you and your child
One day, your child will head off to pursue higher education and need money for tuition, books and an apartment, among other things. Plan ahead by contributing to a registered education savings plan (RESP).
It's not always easy to discuss topics such as responsible spending habits, the value of things, budgeting and income taxes with your child.
To help you talk to your child about money and make sure they develop healthy financial habits from a young age, we have many educational resources, including articles, videos and interactive games for the whole family. Read our tips on helping your child develop good spending habits from the age of 6.
See our youth financial education resources
We also offer financial products, services and guidance for high school students.