Education Savings
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:
  • investment growth that's tax sheltered
  • individual and family plans
  • government grants
  • trust accounts
  • Plan your child's education fund today... because, the brightest future is the one you planned for.
    In-Trust Account
    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.
    Free financial calculators to help you manage your investments.
    We track the best GIC rate available in 1 to 5 year terms across multiple institutions.
    E-mail us with your questions!
    Michael Dumond
    Susan McArter
    © 2011 Strategic Investment Planning