Take advantage of government funding for your child’s RESP
- Did you know that Canadian governments offer incentives for you to contribute to an RESP? Read more about how you can take advantage of these funds and what you may be eligible for.
Stick with buying used equipment
- Sure, your kids will beg for the latest and greatest helmet and new skates every year, but you can find many good quality pieces of second-hand equipment for half the price at a used equipment store. Play It Again Sports is a great resource for many parents.
Research corporate programs in your area
- The rising cost of hockey has sparked national discussion and many organizations are jumping in and providing assistance whenever they can. Depending on where you live, you could be eligible for certain subsidies or grants. Hyundai Hockey Helpers, for example, is a program that offers deserving kids grants that help them finance the cost of playing hockey. Chevrolet Canada has a Free Bauer Youth Hockey Helmet Program where they’ve handed out more than 35,000 hockey helmets to parents of 5-year olds in Canada over the last three years.
Choose house league over Triple-A
- According to Selling the Dream, annual costs for enrolling in a Triple-A league can range anywhere from $10,000 – $15,000. House league fees are typically only a few hundred dollars, so it’s a much more sustainable choice when you do the math. By keeping your child in house league you can take the money you would have spent and put it towards their RESP. It’s a win-win.
Don’t forget about the Children’s Fitness Tax Credit
- Did you know you can claim a tax credit on a maximum of $1,000 per child, from the federal government, each year related to eligible costs associated with physical activity?
Find a carpool in your community
Skip the out-of-town tournaments
Leverage support from local organizations