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Group Option Plan

The CET Group Option Plan

Designed for investors who value protection of principal and disciplined, committed savers.

The CET Group Option Plan has paid the highest Education Assistance Payments for 20 Years in a Row*

* CEFI has compared its Education Assistance Payments for the Group Option Plan to those of other group scholarship plans through publicly available financial statements and prospectus documents at www.sedar.com . On the basis of this comparison, CEFI has determined that its Group Option Plan has paid the highest Education Assistance Payments per unit to beneficiaries from 1997 to 2016 inclusive.

Key Benefits

  • Our Group Option Plan’s track record of excellence – year after year: The CET Group Option Plan has paid the highest Educational Assistance Payments (EAPs) for 20 years in a row! 1
  • Your beneficiary qualifies to receive all 3 EAPs in a 1, 2, 3 or 4 year course of Eligible Studies2 - not all providers offer this benefit!
  • Flexibility in education programs in both Canadian and international institutions3
  • As a disciplined, committed saver you follow our established Contribution Schedule
  • Government Grants – we assist you in applying for and collecting all federal and provincial grants that your family is eligible to receive. We provide ongoing administration services for the duration of the plan.
  • Eligibility to receive Discretionary Payments with EAPs4
  • You have the option to transfer to our CET Self-Initiated Option Plan
  • Peace of mind through the range of insurance coverage options available to protect your investment in the Group Option Plan5
  • Your Contributions earn AIR MILES® reward miles!
  • 1 CEFI has compared its Education Assistance Payments for the Group Option Plan to those of other Group Scholarship Plans through publicly available financial statements and prospectus documents available at www.sedar.com . On the basis of this comparison CEFI has determined that its Group Option Plan has paid the highest Education Assistance Payments per unit to beneficiaries from 1997 to 2016 inclusive.
    2 Please consult the Plan’s prospectus for full information and a definition of Eligible Studies.
    3 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.
    4 These include Discretionary top up of EAPs and return of part of the Sales Charge from the Discretionary Payment Account (Scholarship Enhancement 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.
    5 Except in the Province of Québec, eligible subscribers are automatically insured in the event of death or permanent disability for all remaining contributions on the Plan. Further optional insurance coverages are available.

    What to expect when you choose the CET Group Option Plan:




    1. Select your beneficiary:
      Your beneficiary needs to be under 13 years of age and 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. This helps to reduce investment costs while still providing you with the professional management services.

      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 Studies. and completion of our application forms. Based on the length of Eligible Studies, the beneficiary can receive all EAPs over 1, 2 or 3 years2. 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
      2 To the extent that Educational Assistance Payments are paid early, they are subject to a present value adjustment.

    RESP - Earn AIR MILES reward miles

    Earn AIR MILES® reward miles!

    Earn 10 AIR MILES® reward miles with every unit enrolled in the CET Group Option Plan. Receive 1 AIR MILES® reward miles for every $100 contributed until your Plan matures.

    Completion Insurance

    Eligible subscribers are automatically insured in the event of death or permanent disability for all remaining contributions on the Plan.1

    1 Except in the Province of Québec, eligible subscribers are automatically insured in the event of death or permanent disability for all remaining contributions on the Plan. Further optional insurance coverages are available.

    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

    Group Option Plan:
    How Educational Assistance Payments (EAPs) Work

    4 Year Program
    First Year Second Year Third Year Fourth Year

    Net Contributions

    Returned to subscriber after maturity date
    1st EAP plus
    at the discretion of the Foundation, discretionary payments2
    2nd EAP plus
    at the discretion of the Foundation, discretionary payments2
    3rd EAP plus
    at the discretion of the Foundation, discretionary payments2

    2 These include Discretionary top up of EAPs and return of part of the Sales Charge from the Discretionary Payment Account (Scholarship Enhancement 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 Year Program
    First Year Second Year Third Year

    Net Contributions

    Returned to subscriber after maturity date
    1st EAP plus
    at the discretion of the Foundation, discretionary payments2
    2nd EAP plus
    3rd EAP* plus
    at the discretion of the Foundation, discretionary payments2
    * Paid at their present value

    2 These include Discretionary top up of EAPs and return of part of the Sales Charge from the Discretionary Payment Account (Scholarship Enhancement 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.

    2 Year Program
    First Year Second Year

    Net Contributions

    Returned to subscriber after maturity date
    1st EAP plus
    2nd EAP* plus
    3rd EAP* plus
    at the discretion of the Foundation, discretionary payments
    * Paid at their present value

    2 These include Discretionary top up of EAPs and return of part of the Sales Charge from the Discretionary Payment Account (Scholarship Enhancement 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.

    1 Year Program
    First Year

    Net Contributions

    Returned to subscriber after maturity date
    1st EAP plus
    2nd EAP* plus
    3rd EAP* plus
    at the discretion of the Foundation, discretionary payments2
    * Paid at their present value

    2 These include Discretionary top up of EAPs and return of part of the Sales Charge from the Discretionary Payment Account (Scholarship Enhancement 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.

    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, the Foundation paid out over $80 Million to Canadian families enrolled in our Plans.1

    1 Total 2016 payments to Canadian Families includes return of net Contributions at Plans' maturity and total Education Assistance Payments paid to beneficiaries as reported in the Statement of Changes in Net Assets Attributable to Subscribers and Beneficiaries in our 2016 Annual Audited Financial Statements available here

    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.