We have a Registered Education Savings Plan through Canadian Scholarship Trust Foundation. Everything we put into it up to $4000 a year is matched by the government, so having it as a registered plan literally doubles our savings. It has downsides, though. If she chooses not to go back to any kind of post-secondary program after the first year, we'll lose the rest of the money or have to roll it over to someone else.
We've also go a whole-life plan going for her, which we're hoping might be enough when she's twenty-five or so to provide most of the down payment on a house or some such.
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velvetpage) wrote2005-08-23 07:37 pm
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We've also go a whole-life plan going for her, which we're hoping might be enough when she's twenty-five or so to provide most of the down payment on a house or some such.
no subject