Mainspring Financial Group ltd.

08/27/2026

Back to school is an exciting time—and a great reminder to think about the future!

While students are busy getting ready for a new school year, parents and grandparents can take an important step toward their future by starting or contributing to a Registered Education Savings Plan (RESP).

An RESP can help families save for post-secondary education and may also provide access to government education savings incentives, helping your contributions go further.

Whether your child is just starting kindergarten or already thinking about college or university, it’s never too early—or too late—to start planning.

This school year, invest in more than pencils and backpacks. Invest in their future. 🎓

Reach out to us for more information.

07/02/2026

Happy Canada Day from Mainspring Financial Group 🇨🇦

06/02/2026

Just like clutter and dust accumulate unnoticed, small financial inefficiencies and overlooked expenses add up over time without us realizing. Regular spring cleaning removes what no longer serves us — financial reviews do the same by eliminating unnecessary expenses or outdated plans. Both give you a sense of control, clarity, and readiness to move forward confidently.

06/02/2026

Beneficiary Designations Matter - Make sure to regularly review and update the beneficiary designations on your policy to reflect your current wishes.
Ontario law treats life insurance proceeds differently than other assets, so clear beneficiary designations simplify estate planning.

05/08/2026

04/01/2026

Wishing you all a Happy Easter!

03/08/2026

Happy international women’s day!

03/05/2026

An RESP (Registered Education Savings Plan) is a Canadian government-registered savings plan designed to help you save for a child's post-secondary education. Here are several reasons why opening an RESP can be beneficial:

Government Grants:
The Canadian government offers the Canada Education Savings Grant (CESG), which matches 20% of annual contributions up to a maximum of $500 per year (and a lifetime maximum of $7,200 per beneficiary).
Some provinces also offer additional grants.

Tax-Sheltered Growth:
Investment growth within an RESP is tax-deferred, meaning you don’t pay taxes on interest, dividends, or capital gains while funds remain in the plan.
Taxes are paid when money is withdrawn to pay for educational expenses, often at a lower rate since students generally have lower income.

Flexibility in Contributions:
You can contribute up to $50,000 per beneficiary over the life of the plan, and contributions are not tax-deductible but grow tax-free.
There’s no annual contribution limit, just a lifetime maximum.

Helps Prepare for Education Costs:
Post-secondary education can be expensive; an RESP helps you systematically save and reduce reliance on loans or debt.

Supports a Variety of Education Paths:
Funds can be used for various qualifying post-secondary programs, including university, college, trade, or apprenticeship programs.

02/16/2026

Happy Family Day to our clients and your families.

02/09/2026

Have you heard!? It's world pizza day! 🍕

Did you know investments are kind of like pizza? The crust is the investment type: tax free savings account, registered retirement savings plans for example; and the toppings are the investment vehicles you can have within those investments: segregated funds, mutual funds, guaranteed investment certificates to name a few.

Need help to build your own pizza?
Reach out to us at Mainspring Financial Group for more information.