It’s been well documented that a massive wealth transfer is taking place globally, with an estimated $1 trillion in Canada alone moving to the next generation. If you’re expecting (or recently received) a sizeable inheritance, deciding what to do with it can be overwhelming.
The cost of post-secondary education is on the rise. In the last decade (from 2013/14 to 2023/24), theaverage annual tuition fees for undergraduate degree programs in Canada rose approximately 23%, from an average of $5,767 to $7,076.