Your child’s education is vital. In fact, ensuring that your child will have a proper post-secondary school education is one of the most important things you can do as a parent. Children Scholarship Trust Foundation, also known as CST, is an education savings plan registered under the Income Tax Act. RESP Canada contributions are not tax-deductible; however, the RESP contributions are allowed to grow tax-free—and you will be surprised how quickly they actually do grow.
A university education will only get more expensive as time goes on. The best way to plan for your child’s future is to start saving now. It is important to examine all the schemes and benefits available for saving for your child’s future education. Once you have looked at all of the fact related to this topic you can make your decision on which way you want to go. To be sure, an RESP is just one of the many ways of saving, but it is one of the best ways of doing so. CST Consultants have over 4 billion dollars of assets under management for 250, 000 Canadian families. It is an old and well-respected investment management company that has helped Canadians put their children through school.
With the Children Scholarship Trust Foundation, your child’s education funds for college or university are in good hands. There are a number of plan managers that have the competence and experience of investing in low-risk securities, constituted primarily by government bonds and fixed income investments. CST is a rather simple scheme to get into, and it is flexible enough to accommodate a 2, 3, or 4 year post-secondary educational program.
Putting the kind of financial package together you need in order to put your child through university is challenging, but it can be done. There are many trusts that have the knowledge and specialization to ensure that your money grows at a level appropriate enough to fund your child’s tuition when the time comes. Of course, the trust you work with ought to be world class in the service they deliver and the value they offer. They ought to be able to answer all of your questions in a friendly and expeditious manner. And they ought to be able to provide you with the kinds of returns they promise. These are the marks of a true professional in the field.
Fortunately, finding CST consultants is not that difficult. The place to begin your search is the Internet and worldwide web. The web allows you to bring all of the sites of the firms that offer this service to your computer screen, where you can evaluate the quality and value of what they have to offer. Using the web also enables you to find out the reputation of the trust you’re thinking of working with. The best predictor of future performance is past performance. The trust with a proven record of delivering high levels of customer satisfaction is the one most likely to meet your needs and expectations.
Are you concerned about paying for your child’s education? See how CST Consultants can help you formulate and implement the right plan for doing so.