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Start Saving Now for September: Your RESP Checklist Before the School Year Hits

  Canadian Money Brief · Family Finance September feels a long way off on July 1. That's exactly why now is the right time to look at your child's RESP — not in late August when the school supply list arrives and the grant math gets rushed. If you have a Registered Education Savings Plan (or you've been meaning to open one), here's what to check right now, and why the calendar year — not the school year — is what actually matters. Why July, Not August The Canada Education Savings Grant (CESG) — the government's 20% match on RESP contributions — runs on the calendar year , not the school year. Grant room for 2026 resets on a January-to-December basis, and it doesn't carry any special "back to school" deadline. But summer is genuinely the best time to check your numbers, for three reasons: You still have six full months left in the year to top up if you're behind. Contributions made now have more time to grow before your child needs the money. You av...
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Geopolitical Tensions and Rate Warnings Trigger Sharp Decline in Asian Stocks

The recent events have significantly affected Asian stock markets. Here are some key points:

  1. Iran-Israel Escalation: Reports of Israeli strikes on Iran have heightened concerns over geopolitical conditions in the Middle East. The situation escalated after explosions were reported across Iran, with some near nuclear facilities in Isfahan. This development has impacted risk appetite and contributed to the market decline.

  2. Persistent Rate Warnings: Ongoing warnings about U.S. interest rates have also played a role. Investors are closely monitoring rate decisions, which can influence market sentiment and investment strategies.

  3. Tech Stocks Hit Hard: Technology and chipmaking stocks faced steep losses. Taiwan Semiconductor Manufacturing Corp (TSMC), a major player in the chip industry, scaled back its expansion outlook for this year. Other tech giants like SK Hynix, Samsung Electronics, Advantest Corp., and Tokyo Electron also experienced significant declines.

  4. Regional Impact: Japanese stocks (Nikkei 225 and TOPIX) were hit the hardest, followed by Australia’s ASX 200 and South Korea’s KOSPI. China’s markets (Shanghai Shenzhen CSI 300 and Shanghai Composite) saw limited losses due to optimism over stimulus measures. Hong Kong’s Hang Seng index also declined.

In summary, the combination of geopolitical tensions and economic uncertainties has led to a sharp decline in Asian stocks. Investors are closely monitoring developments and adjusting their portfolios accordingly.

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