There is no doubt about it, Canadian families are dealing with unprecedented times. COVID-19 has kept Canadian schools closed having many parents take on the role of an educator, while continuing to work from home. As parents learn to adapt and keep up with the new normal, their child’s education and future remains top-of-mind. Now more than ever, Canadians should consider opening a Registered Education Savings Plan (RESP) for their child. An RESP is a way to help you save money for your child’s post- secondary education. But more importantly, it’s a way to empower your child: to help ensure that there are no limits on their dreams, no matter how big those dreams might be.
Open a Registered Education Savings Plan from Your Home
If you haven’t yet opened a Registered Education Savings Plan for your child (or grandchild), consider CST Spark. CST Spark is the newest member of the CST family empowering Canadians to achieve their post-secondary education savings goals through easy-to-use technology on their digital devices, at any time. With strict social distancing measures in place, your RESP can be opened online, from the comfort of your own home.
CST Bright Plan™ is the first of its kind and is based on an investment strategy built for RESPs. As part of our mission to make RESPs simple and accessible, your plan can be accessed through our easy-to-use website portal.
Here’s what sets CST Bright Plan™ apart from other RESPs:
- We invest with one goal in mind and that is to ensure you can help pay for post-secondary education. We use tried-and-true strategies for our clients’ RESPs, by investing mostly in equities in the early years to maximize growth and then transitioning to fixed income investments in later years to preserve the gains.
- The investment mix is tailored according to your child’s age and we make it easy to change contribution amounts safely and securely online through our website.
- We offer online convenience and no waiting in line at the bank. You can open and access your Registered Education Savings Plan anytime safely and securely online through our website and if you have any questions, our Direct Dealing Representatives are available to chat online or over the phone.
- You can control how much and how often you invest safely and securely online through our website – with as little as $10 a month!
Tuition is on the rise and your child (or grandchild) will be off to post-secondary school before you know it! That’s why it’s important to start saving early, as the earlier you start, the more time you have for your savings to grow while you benefit from the eligible government grants.
Our Direct Dealing Representatives are available to answer any questions you have. To see if CST Bright Plan is right for you contact us at 1-800-461-7100 or visit our website at www.cstspark.ca.
Written by: Bernadette MacPherson, Vice President, Digital Sales at CST Spark Inc.
This post is sponsored by CST Spark. CST Bright Plan is only sold by Prospectus.