> Choose the plan that best suits you (details...)
Our plans allow your children to receive scholarships at vocational, college and/or university levels,
anywhere in the world. The scholarships can be used to pay tuition fees as well as other expenses related
to education (transportation, accommodation, living expenses, etc.)
> How to choose a Universitas Trust Funds group plan? (Next...)
| You prefer ... |
| To receive higher returns |
or |
To have the maximum possible flexibility |
| To have the possibility of receiving
higher scholarships, but without the chance of transferring the interests on the capital to an RRSP if the child does not
pursue education |
or |
To have the possibility of transferring the interests on the capital to an RRSP if the child
does not pursue education |
| To conserve the scholarships in order to pay for higher level studies |
or |
To use a part of the scholarships to pay professional studies or trade school |
UNIVERSITAS Plan |
|
REFLEXTD Plan |
> Why choose a group plan?
(Next...)
A group plan provides scholarships. The subscriber does not need to be the parent of the named beneficiary.
The advantage of a group plan is the strength in numbers. The income generated by pooling savings is
redistributed to the children who go on to pursue post-secondary education. This is known as attrition
and is exclusive to group plans. It can represent between 1% and 4% of the overall return.
Learn more about the main characteristics that distinguish group plans from individual plans.
(details...)
| Characteristics |
Group |
Self-managed Individual |
Non-self-managed Individual |
| |
|
|
|
| Membership Fees |
Yes ($200 maximum per unit, generally refundable at maturity date) |
No |
Varies according to the institution |
| Management fees |
Varies according to the foundation |
Varies according to the investment fund |
Varies according to the investment fund |
| Redemption fees |
Loss of membership fees paid |
Varies according to the investment fund |
Varies according to the investment fund |
| Attrition (distribution of income) |
Yes |
No |
No |
| Pledge to refund capital |
Yes (capital is invested in treasury bills and savings bonds) |
Generally no |
Generally no |
| Choice of investments by the subscriber |
No |
Yes |
No |
| Transfer to an RRSP or an RPP |
No, unless there is a transfer to the Individual beforehand |
Yes |
Yes |
| Canada Education Savings Grant (CESG) and Canada Learning Bond (CLB) |
Yes |
Yes |
Yes |
| Quebec Education Savings Incentive (QESI) |
Yes |
Not offered in all of the institutions |
Not offered in all of the institutions |
| Possibility of changing beneficiary |
Yes |
Yes (brother or sister only in family plans) |
Yes (brother or sister only in family plans) |
| Minimum deposit |
From $10/month |
No |
Varies according to the institution and type of investment (flexibility offered) |
For more information on RESPs contact us.
