According to Statistics Canada, average undergraduate tuition fees in Canada rose to $6,838 in 2018/19. Many professional programs such as Law, Medicine and Engineering cost $8,400 to $23,400 per year based on the same study.
Just as you need to plan for your retirement, putting money away so your children can afford a post-secondary education is just as important. With costs on the rise, it is unlikely they will be able to save enough on their own, even if they are working through high school.
I can work with you to establish a savings plan that works within your budget. Also, thanks to the self-directed options, your plan will be much more flexible and easier to work with than many of the Scolarship Trusts available in the market. You will have more control over you money.
Contact me to start the discussion.
To learn more about Education Savings Plans, click here.