• There is no Maximum Annual Contribution . You can contribute as much as you want each Year up to the Lifetime Maximum of $50,000.


• Contributions are not Tax Deductible.


• Beneficiaries can receive a Maximum of $500 in Canada Education Savings Grants ( CESGs ) per Year up to the Lifetime Maximum of $7200..


• Students may access up to $2500 per Academic Quarter as soon as they enroll in College.


• Interest and Grants are paid out as Education Assistance Payments ( EAPs).


• Withdrawn Contributions are not Taxed. Grants paid by the Government and accumulated Interest is Taxable to the Beneficiary.


• Lower Income Families may be eligible for the Canada Learning Bond.

          Please contact me today:
 

          Ronald C. Sparkes, CFP,CLU,CH.F.C.
          Chartered Financial Consultant


          Bus:    +1.709-576-1669
          Cell:    +1.709-682-3100
          Fax:    +1.709-576-1832 
          E-Mail: ron@sparkesfinancial.ca