Halloween Howler Carnival and Skate
Halloween Howler Carnival & Skate
Trout Lake Community Center
October 28th, 2:00–4:00pm
Join in the Howler Halloween Carnival where you can enjoy crafts, face painting, carnival games, and skating. Make sure not to miss Ray Wong the magician as he entertains the kids at 2:20pm. This will be a hauntingly good time.
Contact: 604-257-6955
Kitsilano Halloween Howl
Halloween Howl
Kitsilano Community Center
October 28th 11am- 12:30pmCalling all ghosts and goblins! Come join the spooky festivities. You and your little ones can participate in Haunted Hockey, Bowling Bats, Pin the nose on the Pumpkin, and Spider Throw games. Make Halloween crafts, decorate cookies, have your fortune told, paint your face and so much more!
Pre-registration is required as this event sells out fast! Parent participation is required.
Contact: 604-257-6976 or www.vancouver.ca/parks/cc/kitsilano
Mount Pleasant Halloween Party
Halloween Boo Party
Mount Pleasant Community Center
October 28th, 1pm – 3pm
Get dressed up in your best Halloween costumes and join us this fun family event! Enjoy a non-stop afternoon of games, crafts, treats, and more! This is a great afternoon for the whole family.
Contact: 604-713-1888 or www.vancouver.ca/parks/cc/mtpleasant
Roasted Veggies
Fall is the time of year when we crave healthy, satisfying dinners. Root veggies are abundant at this time of year and can be prepared in lots of different ways. A great way to eat root veggies is to roast them and use them as an accompaniment to a roast beef or chicken dish. You can omit certain veggies if you don’t like them and add more of the ones that you do like. Read more
Saving for your childs education
What is the best way to save for my child's education?
Most people say RESPs are the way to go, but that's not necessarily the case. In fact, there are many different ways to save for your child's education and RESPs are just one of the vehicles. My answer to the question is always, "It depends." It depends on how much money you want to put away, what expenses you currently have, how much free cash you have on a monthly basis, what tax bracket you're in … and the list goes on.
Here are some options for you to save money for your child's education:
(1) Registered Education Savings Plans: RESPs are a great way to save for your child's education. You get a grant from the government (anywhere from 20% up to 40% depending on your tax bracket) that automatically adds to your contributions and you also get tax deferred growth. Plus, when your children go to school, they're the ones getting
taxed - at a much lower rate than you would. Make sure that you pick a personal RESP. This allows you to control the money and how it gets invested, plus you can stop and start your contributions along the way without being penalized.
(2) Making contributions to a spousal RRSP: If you stay at home and look after the kids, your spouse can make contributions in your name. This could result in an even higher return on your taxes than the grant money you would get from the government. When it comes time for the kids to go to school, you could withdraw the money in your name at a lower tax bracket. Plus, if they didn't go to school, you wouldn't lose the tax credit that you got along the way, unlike RESPs, which require you to return all of the grant money if your child doesn't go to a qualifying institution.
(3) Life Insurance policy for your child: Universal Life policies have an insurance component and an investment component to them. Not only is your child covered in the event of a tragedy, you have access to the money that builds up in these policies (tax deferred) for anything you want - not just education. In addition, you can ensure that your child can get up to $900,000 more insurance coverage over their lifetime.
(4) Invest in your child's name: If you put money into your child's name and the investment generates capital gains, the income is attributed to your child. (Dividends and income come back to you.) This money would be taxed yearly, but at a minimal rate at most. This allows you to have money that is free of any "government strings" requiring your child to go to a specific institution. Plus, it can be used at any time, without worry of tax implications. Buy a car for a 16th birthday, go on a trip to Disneyland, pay for braces, whatever you like.
(5) Savings account: Get your child saving money for his own education. It will let them feel a part of the process and get them started on developing good financial habits.
There are many different ways that you can save for your child's education.
What's best for you? That depends.
Providing Advice for Life,
Ryan Douglas CFP.
604.626.6381
