A unique segregated fund RESP - Insurance Concepts一个独特的独立基金责任保险的概念.ppt

Introducing A Unique Segregated Fund RESP Dramatic increases in cost of higher education are anticipated ……. Diploma segregated fund RESP.. A unique investment vehicle which provides the opportunity to invest in a child’s future. Advantages: Tax-sheltered investment income Canada Education Savings (CES) Grant : 20 % Plus…... Some standard RESP information... Annual: $4,000 Lifetime: $42,000 The CES Grant. The amount of the Grant: Who can susbcribe to a Diploma RESP? Diploma : who can be designated as a beneficiary? Accumulation….. PAC contributions up to the beneficiary’s age 18* Minimum : $25 per month No enrolment fees Additional deposits are possible; Transfers from other plans are welcomed. The Diploma Education Bonus. % of the total PAC contributions; The Diploma Education Bonuscont... Investment Fund The educational assistance payments Eligibility to receive the EAP: 1. The beneficiary must be a full-time student in a post-secondary educational institution; The Diploma Educational Payments. Great flexibility of EAP payments; The frequency and the amount of the payments are at the discretion of the subscriber; Maximum for the first 13 weeks: $5,000; There is no restriction in the amount payable after the first 13 week period. For more information and enrollment, please contact us: Tel: 239 3850 E-mail: info@insuranceconcepts.ca * R E G I S T E R E D E D U C A T I O N S A V I N G S P L A N  Maximum contributions... Maximum per beneficiary for all RESP’s 20% of the annual contributions $400 annual maximum $7,200 total maximum Paid monthly by the Federal Government Tax deferred until the amounts are withdrawn Unused rights can be deferred Any person of legal age (not a company or a trust) Only one subscriber per contract, is permitted The subscriber can contribute to several RESPs at the same time Any child 14 years of age or less Need not be related to the subscribe