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Achievers Plan

The CET Achievers Plan

Designed for committed investors who are seeking a pooled Plan, a chosen frequency of contributions and value control over the timing and amount of payments from the Plan.

Key Benefits

  • Make Contributions according to the frequency that you select
  • EAP's from the Plan can be paid to your beneficiary at any time upon proof of enrollment in Eligible Studies1
  • Eligibility to receive Discretionary Payments with EAPs2
  • Insurance coverage options available to protect your investment3
  • 1 Please consult the Plan’s prospectus for full information and a definition of Eligible Studies. EAPs can be paid up until Dec 31 of the 35th year following the year you open the Plan.
    2 These include Discretionary top up of EAPs and return of part of the Sales Charge from the Discretionary Payment Account (Enrichment Fund). Discretionary payments are not guaranteed. You must not count on receiving a discretionary payment. The Foundation decides if it will make a discretionary payment in any year and how much that payment will be.
    3 The CUMIS Life Insurance Company provides insurance coverage.

    What to expect when you choose the CET Achievers Plan




    1. Select your beneficiary:
      Your beneficiary needs to be a resident of Canada.

      Start your Contributions:
      By following your chosen Contribution Schedule: we offer flexible contribution options (monthly, annual, lump sum) to suit your family. And you can make your contributions by direct deposit, online banking, Visa, MasterCard, American Express or cheque.




    2. When you open your Plan, your trained Dealing Representative will work with you and assist you in applying for all government grants that are available to you.

      Going forward, we continue to collect and administer all grants that you are eligible to receive.




    3. Your contributions are pooled and invested with those of other families. As a result, professional management services are easily available and affordable.

      With your investment income growing in a tax sheltered Plan, your savings grow faster for your beneficiary.

    4. You select your Plan’s date of maturity at the time you open your Plan. When your Plan matures, you let us know about the program of Eligible Studies1 in which your beneficiary is enrolled, and we pay you your net contributions.

      We pay EAPs upon proof of enrollment in Eligible Studies2 and completion of our application forms. You tell us how much you would like to be paid from the Plan and when. Government grants collected over the life of the plan are paid to beneficiaries as part of EAPs.

      1 Please consult the plan’s prospectus for full information and a definition of Eligible Studies. EAPs can be paid up until Dec 31 of the 35th year following the year you open the Plan.
      2 Please see the Master List of Designated Educational Institutions (both in Canada and international) here. Qualifying post-secondary educational institutions include universities, community colleges, certain trade schools, vocational schools, technical schools, religious schools, CEGEPs, as well as distance learning or correspondence learning programs.

    RESP - Earn Air Miles reward miles

    Earn AIR MILES® reward miles

    Earn 2 AIR MILES® reward miles with every unit enrolled in the CET Achievers Plan. Receive 1 AIR MILES® reward mile for every $100 contributed until your Plan matures.

    Educational Assistance Payments (EAP)

    You tell us how much you would like to be paid from the Plan and when. Government grants collected over the life of the Plan are paid to beneficiaries as part of EAPs. The CET Achievers Plan is eligible to receive discretionary payments with EAPs. 1

    1 These include Discretionary top up of EAPs and return of part of the Sales Charge from the Discretionary Payment Account (Enrichment Fund). Discretionary payments are not guaranteed. You must not count on receiving a discretionary payment. The Foundation decides if it will make a discretionary payment in any year and how much that payment will be.

    Eligible Studies

    Qualifying post-secondary educational institutions include universities, community colleges, certain trade schools, vocational schools, technical schools, religious schools, CEGEP's, as well as distance learning or correspondence learning programs. Please see the Master List of Designated Educational Institutions (both in Canada and international) here

    Learn More
    57.93% Government Bonds; 5.54% Treasury Bill; 24.64% Equity Securities; 4.40% Variable Rate Securities; 2.17% Corporate Bonds; 5.32% Financial institution Bonds;

    Investment Asset Mix
    as of Dec 31st 2016

    Our investment objectives are to maximize long-term growth of income on subscribers’ RESP savings while ensuring the preservation of those savings.

    Pooling your money with other families lets you benefit from professional investment management services in a cost-effective way.

    In 2016, we paid out over $80 Million to Canadian families with children attending post-secondary studies.1

    1 Total 2016 payments to beneficiaries was calculated by taking the sum of Subscriber deposit withdrawals due to maturity plans and Total disbursements to beneficiaries in the Statement of Changes in Net Assets Attributable to Subscribers and Beneficiaries in our 2016 Annual Audited Financial Statements.

    What if things change?

    We understand and are always available to assist you. There are options available if you need to make a change to your Plan. If your financial situation changes, we are available to assist you and explore options in a professional and informed manner.