请问大家都选择哪个resp provider?
- 主题发起人 guoguo76
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东邪西毒
意识流派
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Caanada Scholarship Trust Plans
http://www.cst.org/
http://www.cst.org/
Littlecesar
资深人士
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RBC 和TD 的FUNDS应该比较合适一点,因为银行大一点. CIBC是最小的一家银行.
买CST或其它机构的RESP的话,你得保证两点:一是保证每年供款不断;二是你的孩子必须上大学.否则的话就血本无归了.
athena_lisa
新手上路
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还是TD 的好， 如果您有问题需要解释细节，可以给我打电话，613 745 1588 分机232，名字是Lisa,如果无人接电话，可以用中文留言，我会及时给您打回去的。
水果刀
宇宙超级无敌会员
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血本无归太夸张了,如果你的孩子没有去post-secondary education (大学或者大专）， 联邦政府会收回给你的CESG ( Canada Education Saving Grant), 你所放进去的钱可以全部拿回 不用交税. 利息税另算
如果你的RESP存在10年以上， 你的孩子已经21岁以上的话
全部取出要交税和20%的罚款, 住在Quebec是12%
或者转到自己的RRSP
总之不会血本无归.
Group RESP or Not
CST and other RESP providers, such as Heritage RESP, etc. are all considered Group RESP.
CBC has a recent article on Group RESP.
http://www.cbc.ca/money/story/2010/09/07/f-group-resps.html
Like any financial products, you will meet people who love them and you will meet others who don't.
But is Group RESP a bad idea? I think it is important to be subjective here and the answer is it really depends.
For someone to want to sign up on Group RESP, he/she must be sure that they can sustain the regular contribution or else there may be penalties. This is not always a bad thing because no one here I think would question that we all want to save for our children's education. Group RESP also means you are handing off the investment choices to the Plan administrator and typically the investments are more conservative.
Group RESP plans can be quite complex. Be sure to understand what the plan prospectus states and definitely take the time to fully understand the many fees (enrollment fees, investment management fees, trustee fees, depository charges, administration fees, etc.)
Self directed RESP plans are lower cost but just because it is lower in cost, it does not mean it is better. Of course, if you go with a self directed RESP, you take the responsibility of properly invest your contribution and the grant money.
Our family looked at this Group RESP seriously and decided NOT to go with it. We feel that the cost is a little high and we also feel that there is a lack of flexibility. The latter is a key point. We feel that we need to take care of ourselves before we can take care of our children. If for some years, our family finance is tighter, we want to have the flexibility of taking care of some immediate needs of the family and skip the RESP contribution if necessary.
While we may disagree on whether Group RESP plans like CST, Heritage RESP, etc. work better for our families, what we should agree is that we are saving for our children's education and that itselff is a good thing. We need to keep that in mind.
Like any financial decisions in life, make sure you understand what you are getting before you sign anything.
CST and other RESP providers, such as Heritage RESP, etc. are all considered Group RESP.
CBC has a recent article on Group RESP.
http://www.cbc.ca/money/story/2010/09/07/f-group-resps.html
Like any financial products, you will meet people who love them and you will meet others who don't.
But is Group RESP a bad idea? I think it is important to be subjective here and the answer is it really depends.
For someone to want to sign up on Group RESP, he/she must be sure that they can sustain the regular contribution or else there may be penalties. This is not always a bad thing because no one here I think would question that we all want to save for our children's education. Group RESP also means you are handing off the investment choices to the Plan administrator and typically the investments are more conservative.
Group RESP plans can be quite complex. Be sure to understand what the plan prospectus states and definitely take the time to fully understand the many fees (enrollment fees, investment management fees, trustee fees, depository charges, administration fees, etc.)
Self directed RESP plans are lower cost but just because it is lower in cost, it does not mean it is better. Of course, if you go with a self directed RESP, you take the responsibility of properly invest your contribution and the grant money.
Our family looked at this Group RESP seriously and decided NOT to go with it. We feel that the cost is a little high and we also feel that there is a lack of flexibility. The latter is a key point. We feel that we need to take care of ourselves before we can take care of our children. If for some years, our family finance is tighter, we want to have the flexibility of taking care of some immediate needs of the family and skip the RESP contribution if necessary.
While we may disagree on whether Group RESP plans like CST, Heritage RESP, etc. work better for our families, what we should agree is that we are saving for our children's education and that itselff is a good thing. We need to keep that in mind.
Like any financial decisions in life, make sure you understand what you are getting before you sign anything.
银行的RESP计划只有一种，individual plan. 像USC Education Savings Plans Inc. 这种专业做RESP的公司有individual plan和group plan两种计划，比较灵活。想了解详细情况可以打电话给我，613-761-6299.
There are three types of RESP Plans.
* Individual RESP Plan - anyone (friends etc.) can contribute to save for one child under this plan
* Family RESP Plan - one or more children can be named beneficiaries of this plan but they must be related to you (the contributor)
* Group RESP Plan - one child only, plan is administered by a RESP plan dealer. Every Group plan is different.
Almost every bank, insurance, mutual fund companies and credit unions offer individual and family RESP plans. They are all about the same but some may charge an annual account fee and some may have more limited investment choices.
The major Group plan providers in Ontario are: Heritage Educational Foundation (Heritage Education Funds Inc.), Canadian Scholarship Trust (CST), Canadian Education Trust (CET), Global Education Fund, and USC.
We have a Family RESP plan and we just started it in 2009 when our son was born. We are making regular contribution to the plan (and get the government grant) annually. And we use the funds to buy a no-load equity mutual fund with a value bias.
We decided mutual fund was a good choice for us because of the number of transactions we plan to make each year. We start the plan off in the equity side of investment (as oppose to the more conservative fixed income and cash) because we figure that this is at least going to be a 18-year plan and given the significant drop in the equity market value in 2008/2009 and the recession, it seems like a good time to get in to the market.
Like a previous poster mentioned, it is a good idea to start to rebalance the RESP investments so that more weighting is given to the more conservative investment products such as corporate/government bonds. We plan to stay in the equity market for the first 10-12 years and then start to adjust this account to be more balanced between equity and fixed income investments.
* Individual RESP Plan - anyone (friends etc.) can contribute to save for one child under this plan
* Family RESP Plan - one or more children can be named beneficiaries of this plan but they must be related to you (the contributor)
* Group RESP Plan - one child only, plan is administered by a RESP plan dealer. Every Group plan is different.
Almost every bank, insurance, mutual fund companies and credit unions offer individual and family RESP plans. They are all about the same but some may charge an annual account fee and some may have more limited investment choices.
The major Group plan providers in Ontario are: Heritage Educational Foundation (Heritage Education Funds Inc.), Canadian Scholarship Trust (CST), Canadian Education Trust (CET), Global Education Fund, and USC.
We have a Family RESP plan and we just started it in 2009 when our son was born. We are making regular contribution to the plan (and get the government grant) annually. And we use the funds to buy a no-load equity mutual fund with a value bias.
We decided mutual fund was a good choice for us because of the number of transactions we plan to make each year. We start the plan off in the equity side of investment (as oppose to the more conservative fixed income and cash) because we figure that this is at least going to be a 18-year plan and given the significant drop in the equity market value in 2008/2009 and the recession, it seems like a good time to get in to the market.
Like a previous poster mentioned, it is a good idea to start to rebalance the RESP investments so that more weighting is given to the more conservative investment products such as corporate/government bonds. We plan to stay in the equity market for the first 10-12 years and then start to adjust this account to be more balanced between equity and fixed income investments.
