As teachers, Joan & Felix have a lot of children to make plans for every day.
But nothing is more important to them than planning for their own child's post-secondary education.
That's why they're giving Chloe a big head start with Knowledge First Financial.
It’s a simpler way to save...
...veterinary school...
...the culinary arts...
...or an educational program like mom and dad...
which means instead of investing in a fund that puts shareholders first,
investing with Knowledge First Financial puts their daughter first.
Even before her first day at school, Chloe is miles ahead of the other kids because her parent's RESP provides every possible advantage, including:
Easy automatic contributions
Professionally managed investments
And tax-differed savings
Plus, Knowledge First Financial shows Chloe’s parents how to maximize the Canada Education Savings Grant – up to $7200.
Kind of like helping them with their homework.
It grows steadily over the long-term with the help of government grants, which adds another 20% on top of her parents’ contributions!
It can also grow in spurts each time they add their tax return, or a bonus from work.
Even when Chloe gets some birthday money, it all goes straight into the RESP to help maximize growth.
A loyalty bonus will be available to Chloe through her Flex First Plan as soon as she starts post-secondary.
It’s just that extra thought of an RESP specialist that counts towards her education savings.
By the time Chloe is ready for high school, Joan & Felix can teach a class on the power of compound interest.
So they’re comfortable to help pay for a car Chloe needs right now.
And even if the markets go up and down, they won't have to worry.
While Chloe is busy babysitting for the neighbours, investment experts are taking care of her money just as carefully.
It will help cover her upcoming school expenses, or Teacher's College later.
It could even give her the flexibility for a gap year to go travelling.
since Chloe is on a student’s income, she will pay little or no tax when she withdraws funds for school.
Which means instead of working in a coffee shop to pay for books, Chloe can spend her time actually reading those books.
And since Knowledge First Financial manages all the savings for Joan & Felix, they can spend their time celebrating all their daughter’s accomplishments.
Anything is possible when you start planning for their education today.