Global Educational Trust Fund Inc.
Global Educational Trust Fund Inc.
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Table of Contents
Is the Global RESP Tax Sheltered?Contributions by a Subscriber and the Government contribution of 20% CES Grant grow tax free for up to 25 years. Returns are higher in the RESP due to the tax sheltering of your investment as opposed to diminished earnings as a result of government taxation. Back to Top
How does the Canada Education Savings Grant Work?The Federal Budget of 1998 introduced the addition of 20% of Government grant. Back to Top
Is my money safe?Deposits are invested in guaranteed investment methods. The Global Plan is designed to fund a Nominee's post-secondary education. The low-risk nature of the plan, the right timing, and total access to the funds, makes it an exciting option for investors. Other methods such as mutual funds, or stocks have some risk associated with them. This could mean a loss in the value of your investment and disappointment that your financial goals were not achieved. Back to Top
Is the plan offered by Global restrictive in how I receive the money for education like some other RESP plans?The Global Plan goes by established Government
guidelines for the maximum flexibility and does not put unnecessary restrictions
upon a client's use of the Plan. Comparisons made with Group Scholarship Plan
RESPs place Global ahead of the rest. Back to Top
Is the plan transferable?The Subscriber may change the Nominee at any time throughout the course of the Plan. There are no age restrictions and no adjustments to be made since Global is "term based." Back to Top
Can anyone enroll in the plan?There are no age restrictions with the Global RESP. A person may enroll now for their own career development, or unforeseen changes in the future. In addition, there is a 25-year period from enrollment to use all the funds. Back to Top
What if my nominee does not pursue a post-secondary education?All earnings in the RESP (as directed by the Subscriber) go to the student if Government requirements are fulfilled. For example, a three month full-time studies. Educational Financial Assistance Payments may also be used for correspondence courses, or suit individual circumstances in the timing of payments. Example case: - If a student goes for a one year course and costs are only $10,000 from an established EFA of $30,000 [CESG, investment earnings, enrollment fee return] the Subscriber who maintains control has several options: (a) Direct all the $30,000 to the Student and divide payments over two taxation years to lessen the tax. (b) Direct the $10,000 necessary for education to the student and set the $20,000 balance to the Subscriber's own, or spousal RRSP. (c) Transfer unused portion of E.F.A. (the $20,000) to a substitute nominee. to be used within a 25year lifetime period.
Is the Global plan the best investment tool for providing funding for rising education costs?The Global RESP has a singular focus. Funding education is our reason for existence. Other financial companies have many financial products including an RESP. Our purpose, professional research and ongoing training provide the sales team with major advantages. The Global RESP is a sure way of financing future education costs. Back to TopCopyright © Global Educational Marketing Corporation 2002. All rights reserved.
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Contact Information: Koji Shindo
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