RESP

Addressing customer concerns following the Brexit decision

(French version follows English/La version française suit la version anglaise.)

There has been no shortage of news over the past several days following the Brexit decision in the United Kingdom. Last week the United Kingdom held a referendum on whether to remain or withdraw from the European Union with a landmark decision to leave, albeit with a slim margin of 52% to 48%.

Colleagues looking at computer

The headlines about recent stock market challenges may be raising some concerns out there.

Hearing about slumping Chinese stocks may spark some fears about the global economy.

If you've invested in a CST RESP, you can rest easy.

"Our focus is not volatility in the short run," said Peter Bethlenfalvy, Chief Investment Officer with CST Consultants Inc. "Our client's money is invested with a long-term horizon."

Mother and daughter

"Eligible BC children will have more money to help pay for college, university or other training programs.”

It’s an exciting time for families in British Columbia (BC) who now have an opportunity to access $1,200 in grant money to help their children’s dreams for the future come true with a Registered Educations Savings Plan (RESP).

Family in grass

By: Marjorie Cullen

Parents across Canada will be enjoying a bit more wiggle room in their budgets this month thanks to an increase in the Universal Child Care Benefit (UCCB). 

The UCCB program is not only being extended to include children ages 6 through 17 but will also see an increase of $60/month per child for those who were already enjoying the  benefit.

Tess Grad

Martha Turner is Vice President, Marketing at CST Consultants Inc.  

She is also a CST client and shares her personal story of reaching a momentous milestone, helping to make her daughter's dreams come true.  

mother reading to child
Imagine if someone promised your child $800 to help fund their education but it was taken away? That’s what happened with the Alberta Centennial Education Savings (ACES) grant and Alberta parents are concerned about it. We had Leger conduct a survey and the results tell us an important story about how families in Alberta want the NDP to bring back the RESP grant.
Grads
It's Graduation Season for high school students and that means parents can collect RESPs for first time! For returning post-secondary graduates, it's also time to start looking at collecting your money from your RESP.
Toddler and Math Equation

Now that we can finally say good-bye and good riddance to winter it’s time to get our households in order.Springtime always means spring cleaning in our home but it shouldn’t stop short at just your cupboards and closets.As parents, we should also take a good inventory of what’s been happening with our finances over the fall and winter months and get back on track.

Reporters have often asked us, if someone is only able to focus on eliminating three bad spending habits, which would you say are most important and why?

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