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                  ABOUT CEFI / Group Option Plan

      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 Scholarships for 21 Years in a Row*

 

* CEFI has compared its Scholarship 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 Scholarship payments per unit to beneficiaries from 1997 to 2017 inclusive.

Key Benefits

 

  • Our Group Option Plan’s track record of excellence – year after year: The CET Group Option Plan has paid the highest Scholarships for 21 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 Scholarship 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 Scholarship payments per unit to beneficiaries from 1997 to 2017 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.

 

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

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

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.