newborn: so much stuff to think about
Since we've just had our new baby boy (what an experience!), I will soon have to start thinking about all the paper work and the financial stuff:
- SIN application
- Ontario registration
- federal "baby money"
- RESPs
- add the baby as a dependent on my insurance
- etc.
The good thing is these topics have been discussed a lot at different PF blogs ...
ok, back to sleep now :-)
3 comments:
You should start a newborn baby series!
We've just gone through this with our son (he's now 3 weeks old). There's a definite order to how you have to do things, though - you can't set up an RESP without a SIN, and you can't get a SIN without a birth certificate. Some provinces take a LOT longer to process birth certificates than others, unfortunately.
There is a great resource on this site that talks about finances related to growing a family. It goes into RESPs, insurance, estate planning and how to put together a personal plan. Check it out:
http://www.investored.ca/en/investoranswers/A/12_children/Pages/1_moneychanges.aspx
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