Sartorial Wealth Inc.

Back-to-school planning can look a little different when your family’s expenses cross the Canada–U.S. border. 🎓

Canada added 𝟕𝟓,𝟏𝟎𝟎 𝐣𝐨𝐛𝐬 in July, well above the 15,000 expected, while the U.S. lost 𝟐𝟑,𝟎𝟎𝟎 𝐣𝐨𝐛𝐬 over the same week. With the Canadian dollar strengthening and USD/CAD near 𝟏.𝟑𝟗𝟑𝟕, now may be a good time to review upcoming cross-border education expenses.

Before tuition and other school-related bills come due:

• Add up what you’ll need in the other currency over the next 6–8 weeks — including tuition, residence fees, camp balances, and other essentials.
• Consider whether converting or locking in a portion ahead of time makes sense for your situation, rather than leaving everything until the due date.
• If your education savings include both an 𝐑𝐄𝐒𝐏 𝐚𝐧𝐝 𝐚 𝐔.𝐒. 𝟓𝟐𝟗 𝐩𝐥𝐚𝐧, talk with your advisor about how they fit into your broader financial plan.

A little preparation today can make the back-to-school season easier to manage.

𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: For general informational purposes only. This content does not constitute financial, investment, tax, or legal advice. Exchange rates and market conditions can change. Please consult a qualified professional regarding your individual circumstances.

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