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Your daily horoscope: February 9, 2026

  IF TODAY IS YOUR BIRTHDAY If you accept that conflict is a fact of life and that sometimes you have to fight for your beliefs then the coming year won’t hold too many terrors. You may even find that you enjoy pitting wits with people you once thought of as scary. ARIES (March 21 - April 20): Don’t try to get everything done in one mad rush as the week begins or you will quickly exhaust yourself. Slow down and give yourself time to consider your options for the rest of the month. It’s not about speed, it’s about focus. TAURUS (April 21 - May 21): You may not have made much progress with a creative endeavour of late but it’s no big deal so don’t despair. There will be many more opportunities to push ahead with it over the next few weeks. You’re not on the clock, so why hurry? GEMINI (May 22 - June 21): If a colleague or rival wants to make personal comments about you that’s up to them but you don’t have to respond in kind. Ignore what they say and carry on with what you are working...
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RESP: A Smart Way to Save for Schooling.


RESP is a great way to save for schooling. RESP stands for Registered Education Savings Plan. It is a government-sponsored investment account that helps parents save for their child’s post-secondary education. One of the key benefits of RESP is that it allows your savings to grow tax-free until the funds are withdrawn. This means that any investment income earned within the RESP is not subject to tax as long as it remains in the plan. Additionally, the government provides grants and incentives to encourage parents to save for their child’s education. For example, the Canada Education Savings Grant (CESG) matches 20% of the contributions made to an RESP, up to a maximum of $500 per year. This can significantly boost your savings over time.


RESPs offer flexibility in terms of investment options. You can choose from a wide range of investment products such as mutual funds, stocks, bonds, and guaranteed investment certificates (GICs). This allows you to tailor your investment strategy based on your risk tolerance and financial goals. Moreover, when it comes time to withdraw funds from the RESP, the earnings are taxed in the hands of the student, who typically has little or no income. Since students usually have a lower tax rate than their parents, this can result in significant tax savings.


In summary, RESP is an excellent way to save for schooling as it offers tax advantages, government grants, and investment flexibility. It provides parents with a structured and efficient means of saving for their child’s post-secondary education while maximizing their savings potential.

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