Next to saving for retirement, the biggest financial challenge is probably saving for your childs’ <strong>college education</strong>.
<h4><strong>We are aware of our clients’ Education Planning concerns:</strong></h4>
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<ul>
<li><strong>How much should I save?</strong></li>
<li><strong>How much should I contribute each year?</strong></li>
<li><strong>How much will a college education cost when my child turns 18?</strong></li>
<li><strong>What if my child gets a scholarship?</strong></li>
<li><strong>What if my child decides to tour Europe instead of going to college?</strong></li>
<li><strong>Can I cash out the account and take a dream vacation?</strong></li>
</ul>
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We <strong>empathize with these concerns</strong> and incorporate them into your <strong>overall financial plan</strong>. One way we implement education planning into your financial portfolio is assisting you in setting up a <strong>Registered Retirement Education Savings Plan</strong>.  These plans are a simple way to save money for your childs’ education and the following benefits are tremendous:
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<ul>
<li><strong>You pay no taxes on the accounts earnings.</strong></li>
<li><strong>The child does not have control or access to the account – you do.</strong></li>
<li><strong>If the child does not want to go to college, there are provisions to roll-over to your RRSP</strong></li>
<li><strong>The Canadian Education Savings Grant (CESG) contributes 20% on every deposit (up to a max.)</strong></li>
</ul>
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