ABOUT CEFI / Group Option Plan

      Group Option Plan

                 

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The CET Group Option Plan

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

For 23 years in a row, the CET Group Option Plan has proudly paid the highest 1st Scholarships compared to other national group scholarship plans.1

Key Benefits

 

  • Minimum 1 unit – for a newborn that is $9.90 a month
  • Attrition – Interest income is paid to the pool for the full benefit of Plans kept to maturity and who receive EAPs.
  • 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 payments from the Scholarship Enhancement Fund Account4
  • 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 the first Scholarship payments on a per unit basis from the Children’s Education Trust of Canada Group Option Plan to the comparable first scholarship payments of other nationally available 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 the Children’s Education Trust of Canada Group Option Plan has paid the highest first Scholarship payments per unit to beneficiaries from 1997 to 2019 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 Payments from the Scholarship Enhancement Fund Account. EAP top-ups and return of sales charges with respect to the Group Option Plan depend on the amount of money available in respect of the Beneficiary Group in the Scholarship Enhancement Fund Account and the allocation of that money as between EAP top-ups and return of sales charges. Payments from the Scholarship Enhancement Fund Account are not guaranteed. You must not count on receiving a payment from the Scholarship Enhancement Fund Account. Payments will only be made if there is money in the Scholarship Enhancement Fund Account in respect of your Beneficiary Group. If there is a payment, you may get less than what has been paid in the past.

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 purchased in the CET Group Option Plan. Receive 1 AIR MILES® reward mile 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

2IF MONEY IS AVAILABLE IN THE SCHOLARSHIP ENHANCEMENT FUND ACCOUNT FOR THE BENEFICIARY GROUP AND ALLOCATED TO TOP-UPS OR RETURN OF SALES CHARGE. Payments from the Scholarship Enhancement Fund Account. EAP top-ups and return of sales charges with respect to the Group Option Plan depend on the amount of money available in respect of the Beneficiary Group in the Scholarship Enhancement Fund Account and the allocation of that money as between EAP top-ups and return of sales charges. Payments from the Scholarship Enhancement Fund Account are not guaranteed. You must not count on receiving a payment from the Scholarship Enhancement Fund Account. Payments will only be made if there is money in the Scholarship Enhancement Fund Account in respect of your Beneficiary Group. If there is a payment, you may get less than what has been paid in the past.

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.