ABOUT CEFI / Achievers Plan

      Achievers Plan

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The CET Achievers Plan

Designed for investors who prefer to choose their desired Plan Contribution Target and want control over how much to withdraw from the Plan.

Key Benefits

  • Set your own Plan Contribution Target
  • EAPs from the Plan can be paid to your beneficiary at any time upon proof of enrolment in Eligible Studies1
  • Eligibility to receive Top-Up Payments from the Enrichment Fund Account2

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 Payments from the Enrichment Fund Account are not guaranteed. You must not count on receiving a payment from the Enrichment Fund Account. Payments will only be made if there are funds in the Enrichment Fund Account in respect of Beneficiaries who are receiving EAPs in that year. If there is a payment, you may get less than what has been paid in the past. You may also get less than what is paid to Beneficiaries in other years.

 

Earn AIR MILES® reward miles!

 

Earn 10 AIR MILES® reward miles for enrolling in a 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 top-up payments with EAPs. 1

1 Top-up Payments from the Enrichment Fund Account are not guaranteed. You must not count on receiving a top-up payment from the Enrichment Fund Account. Payments will only be made if there are funds in the Enrichment Fund Account in respect of the Beneficiaries who are receiving EAPs in that year. If there is a payment, you may get less than what has been paid in the past. You may also get less than what has been paid to Achievers Plan Beneficiaries in other years.

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 2019

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 2019, the Foundation paid out over $103 Million to Canadian families enrolled in our Plans.1

1 Total 2019 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 2019 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.