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ABOUT CEFI / Achievers Plan

      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.

 

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 miles 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

Investment Asset Mix as of Dec 31st 2017

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 2017, the Foundation paid out over $87 Million to Canadian families enrolled in our Plans.1

1 Total 2017 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 2017 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.