There is something you can apply to, if one parent is stay at home, that gives you some money. I can't remember what it is called, as we just were able to apply for it now that my wife's EI has run out.
Any sports and recreation is tax deductible to the parent, even if someone else pays for it. For example, my mom paid for some stuff for my daughter this past year because she wanted it to be a "Grandma Activity", but only we can claim it for our taxes.
Make sure you get with the free $500 + $200 (I think) for just opening a RESP account. Part is from Canadian government and part if from provincial, but any decent financial guy will do it for you. Whatever you do, don't sign up for one of those educational plans (like Gerber etc) without talking to someone about RESPs first, since they really are a scam in comparison. I talked to Slava and have been more than happy with his services.
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Last edited by Rathji; 03-19-2012 at 09:54 AM.
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