Sintra Wealth

Education Planning

So what is Education Planning?

It is a program to help children continue with their studies after completing high school. A child can attend a college, a university or any other program as long as it is recognized by Canada Revenue Agency (CRA). This can be anywhere in the world.

With the cost of a post-secondary education rising every year it is vital children and parents of children take full advantage of a government program called Registered Education Savings Plan (RESP)

An RESP is a great way to grow money tax free for your child’s post-secondary education. There are many companies offering RESP. Be sure you get the one that is right for you. Some companies will allow you to contribute to a wide variety of investments where others have some restrictions and fees to set up. There is a lifetime maximum contributions of $50,000 per beneficiary. The government will contribute a minimum of 20% on the first $2500 per year in the form of a grant. Ask us how to maximize the grants that are available.
A few things to consider:

How much is needed to save for an education?

How much can you afford given other goals you may have already?

What investment will achieve this goal?

Things to look for:

  • How easy is it to start and stop the regular contributions?
  • Choice of investments available
  • Beneficiaries can be changed
  • What happens if the beneficiary does not pursue a post-secondary education? What happens to the growth and grants in the account?

Be proactive ... Invest in your child’s future!

Mutual funds provided by Sterling Mutuals Inc.

sterling mutuals

The contents of this website does not constitute an offer or solicitation for residents in the United States or in any other jurisdiction where either Sintra Wealth and/ or Sterling Mutuals is not registered or permitted to conduct business. Mutual funds provided through Sterling Mutuals Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus carefully before investing. Mutual funds are not guaranteed, their values fluctuate frequently and past performance may not be repeated.

Insurance products, and other related financial services are provided by Sintra Wealth as independent insurance agents, and are not the business of, or monitored by Sterling Mutuals Inc.

Legal Information - Privacy Information - How to Make a Complaint