Financial Education for Nigerians and Newcomers in Canada.
Welcome to @ProsperWithTosin, your trusted Canadian channel for financial education, income protection, wealth building, and financial security, created for Nigerians, newcomers, families, professionals, and business owners.This channel helps you understand Canada’s financial system and make informed decisions. We discuss life insurance, critical illness and income protection, Tax-Free Savings Accounts, Registered Retirement Savings Plans, First Home Savings Accounts, Registered Education Savings Plans, retirement planning, debt management, tax-efficient strategies, and legacy planning. Whether you are new to Canada, raising a family, building a career or business, or preparing for retirement, you will find practical Education. Subscribe: [youtube.com/channel/UC0hQViC6tDcj0Xyc7Q_J02A?sub_c…
Disclaimer: General educational information only. This is not financial, legal, tax, investment, or insurance advice.
Tosin Ailoyafen
Before your next family trip, check two documents: Canada’s advisory and your travel insurance policy wording. Advisory levels and the timing of an advisory can affect travel-medical coverage, exclusions or assistance. The effect is contract-specific; an advisory does not automatically mean every claim will be denied. This is particularly relevant to Nigerian-Canadian families travelling for weddings, caregiving or extended visits. Canada updated several travel advisories on September 18, including France, Iraq and the Philippines. Nigeria remains under an “avoid non-essential travel” advisory with additional regional warnings, last updated September 9. Source: Government of Canada travel advisories.
Before your next trip, when was the last time you checked BOTH Canada's travel advisory and the wording of your travel insurance policy?
1 day ago | [YT] | 0
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Tosin Ailoyafen
Do you agree Credit-card balances do not tell the whole spending story? A balance can reflect new purchases, carried debt, timing or repayments. Families especially newcomers building Canadian credit histories; deserve a complete cash-flow conversation before recommendations are made. A credit score shows part of your financial life. It does not show your goals, responsibilities or full story.
Would reviewing your monthly payments and cash flow be more helpful than focusing only on the outstanding balance?
1 day ago | [YT] | 0
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Tosin Ailoyafen
Have you checked whether each of your children qualifies for the Canada Learning Bond? Why it matters: Newcomer and lower-income families should not wait until 2028 if their child may already qualify. Earlier access gives the benefit more time to grow, subject to the plan’s terms and available choices.
The basic Canada Education Savings Grant generally adds 20% of the first $2,500 contributed, up to $500 annually.
Eligible lower- and middle-income families may receive an additional $50 or $100.
The lifetime Canada Education Savings Grant maximum is $7,200 per child.
The Canada Learning Bond can provide up to $2,000, without personal contributions.
For July 2026 through June 2027, the Canada Learning Bond income threshold is $58,523 or less for families with one to three children, with higher thresholds for larger families. Would you like to check the grants first and then decide what contribution comfortably fits your budget?
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