Education Planning

With post-secondary education becoming increasingly expensive, you need to plan ahead and make smart decisions today. If you have children, grandchildren or know of another young person you would like to help, this section will guide you in investing for the education they need.

Start by preparing an Educational Needs Analysis to estimate the costs that your children will incur when they enter post secondary school. Keep in mind that you need to adjust your figures for inflation as the cost of tuition, housing, books and incidentals related to educational studies continue to rise. If you're not sure where to begin, we can help you prepare the Education Analysis. Once this has been completed you will know the monthly, yearly or one time deposit required to fund the future costs of education.

Next you can decide on the best investment vehicle to fund your education. The most popular savings vehicle today is the Registered Educational Savings Plan or RESP as it is most commonly known. But you do have other options that include the In Trust Account or a Scholarship Trust Fund.

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