Your child's future success depends on a good education.
But a university education is costly. Planning an education fund today is the best gift you can give your child to ensure a future full of possibility.
Our financial advisors will show you smart ways to make the most of education savings through:
Plan your child's education fund today... because, the brightest future is the one you planned for.
An in-trust account is an "informal trust" set up with a financial institution to invest funds for a minor. A donor contributes to the plan for the beneficiary. A trustee (who can be a different person than the donor) manages the funds for the beneficiary. In-trust accounts are generally used to save and fund post-secondary education.
To provide an account that individuals can use to invest funds for a minor. An in-trust account is suitable for anyone who wants to set money aside for post-secondary education expenses.
Registered Education Savings Plan (RESP)
A Registered Education Savings Plan (RESP) is one of the easiest and best ways to fund the future ambitions of your child.
A Registered Education Savings Plan is a tax-deferred vehicle offered by the Federal government. An RESP is an account that individuals can use to save for qualified post-secondary education expenses for eligible students.
RESPs help parents, family and friends save towards a child's future post-secondary education. We offer Individual and Family Plan RESPs and can help you choose the plan that works best for you.
Canada Education Savings Grant (CESG)
A CESG is equal to 20% on the first $2,500 in annual contributions made to each beneficiary in an RESP plan.
Canada Learning Bond (CLB)
A CLB contributes up to $500 to the RESP of a beneficiary who is born on or after January 1, 2004 and whose family is entitled to the National Child Benefit Supplement.
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