WHAT EVERY CANADIAN SHOULD KNOW ABOUT SAVING FOR THEIR CHILDRENProvide predictable, tax-free growth to help you save for your child’s future financial needs including post-secondary education, a home down payment, a business start-up or any other dream they have.
When it came near enough he perceived that it was not grass, there were no blades, but only purple roots.
Child Plan™Child Plan™ is a financial vehicle that parents, grandparents, aunts, uncles and guardians can set-up to help prepare their children in light of current economic trends such as...
Government grant
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Tax sheltered investment growth
Complete flexibility on how the savings are used
Enough to fund your child's education choices
Investment growth for life
Paid up life insurance for life
Over the years we have gained some experience. Every week we like to share them with you. Check in with our blog.
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Before you call us, maybe your questions have already been answered.
The Bright Start Child Plan is a participating whole life insurance plan that has a tax-sheltered investment component. Parents and grandparents have been opening this plan for their children and grandchildren in Canada as far back as 1849.
It is tax-efficient asset accumulation vehicle providing guaranteed cash values along with lifelong life insurance coverage.
Please click on the "Request Personalized Illustration" to select different savings options for your child.
That is a major advantage of the Child Plan over the RESP plan as there are no restrictions on how the funds are used and no penalties are imposed.
Parents, grandparents, aunts, uncles and legal guardians.
You can apply once your child is 14 days old.
The minimum monthly contribution is $50.
In order to open a plan we would book a short call to complete an application. Get started by requesting a free illustration.
Very safe! This plan is with Canadian insurance companies dating back over 100 years. There is also a non-profit organization called Assuris that protects plan holders from loss. www.assuris.ca
Yes! Parents often ask this question when they see the savings potential of the Child's Plan. Parents tend to open this plan in addition to or in place of an RRSP plan as this plan can be more tax-efficient .
