Our RESP Plans
Group Option Plan

Group
Option Plan

Protection of principal, for disciplined and committed savers.

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Achievers
Plan

Set your own Plan Contribution Target! Enrol at any age.

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Self-Initiated
Option Plan

For those who seek a flexible RESP.

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Group Option Plan

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

For 25 years in a row, the Children's Education Trust of Canada Group Option Plan has proudly paid the highest 1st Scholarships compared to other national group scholarship plans.1

Key Benefits of the Group Option Plan

Minimum 1 unit – for a newborn that is $9.90 a month2.

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 Studies3 – not all providers offer this benefit!
Flexibility in education programs in both Canadian and international institutions4.

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 Account5.

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 Plan6.

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 2021 inclusive. Past payments are not a guarantee of future payments.

2 This assumes that automatic Completion Insurance is included.

3 Please consult the Plan's prospectus for full information and a definition of Eligible Studies.

4 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.

5 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.

6 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.

Getting started is easy!

1
Start your contributions

Select your beneficiary:
Your Beneficiary needs to be a resident of Canada.

Start your contributions:
Select your preferred Contribution Schedule. We offer flexible contribution options (monthly, annual, one-time) to suit your family.

2
Government grants

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.

3
Investment growth

This helps to reduce investment costs while still providing you with professional management services.

Your investment will grow in a tax-sheltered RESP and your savings will grow for the benefit of your beneficiary!

4
Receive Payments from the RESP

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 enrolment in Eligible Studies2 and completion of our application forms. Your beneficiary receives EAPs from the Plan according to the number of units in the Plan. 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 Please see the Master List of Designated Educational Institutions (both in Canada and international) here. Qualifying post-secondary education institutions include universities, community colleges, certain trade schools, vocational schools, technical schools, religious schools, CEGEPs, as well as distance learning or correspondence learning programs.

Get Started Today!

Earn AIR MILES® reward miles!

Earn 10 Air Miles® reward miles for every Unit purchased under 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.

Group Option Plan:

How Educational Assistance Payments (EAPs) Work
4 Year Program
3 Year Program
2 Year Program
1 Year Program

First Year

Net Contributions

Returned to subscriber after maturity date

Second Year

1st EAP plus

Payments from the Scholarship Enhancement Fund1

Third Year

2nd EAP plus

Payments from the Scholarship Enhancement Fund1

Fourth Year

3rd EAP plus

Payments from the Scholarship Enhancement Fund1

First Year

Net Contributions

Returned to subscriber after maturity date

Second Year

1st EAP plus

Payments from the Scholarship Enhancement Fund1

Third Year

2nd EAP plus
3rd EAP* plus

Payments from the Scholarship Enhancement Fund1

*Paid at their present value

First Year

Net Contributions

Returned to subscriber after maturity date

Second Year

1st EAP plus
2nd EAP*
plus
3rd EAP* plus

Payments from the Scholarship Enhancement Fund1

*Paid at their present value

First Year

Net Contributions

Returned to subscriber after maturity date

1st EAP* plus
2nd EAP*
plus
3rd EAP* plus

Payments from the Scholarship Enhancement Fund1

*Paid at their present value

4 Year Program

First Year

Net Contributions

Returned to subscriber after maturity date

Second Year

1st EAP plus

Payments from the Scholarship Enhancement Fund2

Third Year

2nd EAP plus

Payments from the Scholarship Enhancement Fund2

Fourth Year

3rd EAP plus

Payments from the Scholarship Enhancement Fund2

3 Year Program

First Year

Net Contributions

Returned to subscriber after maturity date

Second Year

1st EAP plus

Payments from the Scholarship Enhancement Fund2

Third Year

2nd EAP plus
3rd EAP* plus

Payments from the Scholarship Enhancement Fund2

*Paid at their present value

2 Year Program

First Year

Net Contributions

Returned to subscriber after maturity date

Second Year

1st EAP plus
2nd EAP*
plus
3rd EAP* plus

Payments from the Scholarship Enhancement Fund2

*Paid at their present value

1 Year Program

First Year

Net Contributions

Returned to subscriber after maturity date

1st EAP* plus
2nd EAP*
plus
3rd EAP* plus

Payments from the Scholarship Enhancement Fund2

*Paid at their present value

1 If money is available in the Scholarship Enhancement Fund account for the Beneficiary Group and allocated to top-ups or return of sales charge. 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 2021

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 2021, the Foundation paid out over $114 Million to Canadian families enrolled in our Plans.1

1 Total 2021 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 2021 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.

Ready to invest in your child's future?

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