Save for your child’s education...and future.
Kids grow up so fast, and before you know it, college (and tuition fees) is right around the corner. Our experienced team will help develop an education savings portfolio for your kids that grows as quick as they do.
Start with a Registered Education Savings Plan (RESP). An RESP is a government approved plan to help you save for your child’s post-secondary education to a maximum of $50,000. Income earned within the plan is not taxed until it's withdrawn.
Plus, we can show you some great government incentives to make saving for their tuition, easier.
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?Did You Know
You could earn up to 22%* over the next five years with a 5-year Enhanced Growth investment, eligible as a Term Deposit, Tax-Free Savings Account or RSP! These unique products offer a rate of return linked to the market performance of key economic sectors with a guaranteed minimum interest income, plus your capital is 100% guaranteed at maturity regardless of market movements**. Oh, and did we mention it’s free of administration fees and purchase commissions?
1
Term Deposits
Take advantage of an excellent growth possibility of index markets and the stability and comfort of the Credit Union Deposit Guarantee.*
2
Mutual Funds
Fine tune your portfolio with industry specific investments.
3
Canada Education Savings Grant
Earn 20 cents on every dollar you contribute to your child’s RESP. Contribute up to a maximum of $500 on an annual contribution of $2,500. If you cannot make a contribution in any given year, you may be able to catch up in future years.
4
Government Learning Bond
This Government of Canada bond of $500 can help you start saving now for your child's post-secondary education. Plus, your child may qualify for $100 every year until he or she turns 15 years old to a maximum of $2,000!*
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The Legal Stuff:
*Cumulative possible maximum return.
**All principal and interest is 100% guaranteed by the Credit Union Deposit Guarantee Corporation. Excludes common shares, investment shares, and mutual funds.
The advice on our website is prepared without knowing your personal objectives, financial situation or needs. Before you act on this or any advice, please consider if it's right for you, and reach out to our teams to help determine if the product is appropriate for you.