GROUP TRUST RESP

PROVIDERS: CSD, HERITAGE/KNOWLEDGE FIRST, CET

Purchase Units
1 Unit = $5 Approx New Born = 1 Unit**
$100 /Month = 20 Units
Fee/ Unit = $100 (CST & Heritage/Knowledge First providers)

20 Units = $2000

Enrolment fee recovered up front
Therefore no savings for the first 20 months
You lose growth on the above amount for 18 years or end of plan at age 18.
Rate of return very conservative as funds are invested in GICs, Bonds and MBS (Debt
instruments)
Plan matures at age 18.

Scholarship is forfeited if not used for full-time study courses at colleges or universities.
Fee may be refunded along with scholarship payments.
GROUP RESP
PROVIDERS: GLOBAL

Purchase Units
1 Unit = $5 Approx New Born = 1 Unit**
$100 /Month = 20 Units
Fee/ Unit = $100 (CST & Heritage/Knowledge First providers)
20 Units = $2000
Enrolment fee recovered up front
Therefore no savings for the first 20 months

You lose growth on the above amount for 18 years or end of plan at age 18.
Rate of return very conservative as funds are invested in GICs, Bonds and MBS (Debt
instruments)
Plan matures at age 18.
Scholarship can be used for full-time or part-time study courses at colleges or universities
or up to $50, 000 can be transferred to an RRSP provided there is a contribution room
available.
Fee may be refunded alongwith scholarship payments.