- Four families receive RESP plans with a combined cash value of $26,000.
MISSISSAUGA, ON, Sept. 12 /CNW/ - Four Canadian families have made an
important first step towards saving for their child's post-secondary education
with the help of USC Education Savings Plans Inc. (USCI) and its National RESP
USCI warmly congratulates this year's contest winners:
The Arnold Family of Kitchener, Ontario
The Claveau Familly of St. Damase, Quebec
The McAllister Family of Fredericton, New Brunswick
The Paradis Family of Williams Lake, British Columbia
Each family will receive $6,500 which will be deposited into a USC Family
Group Education Savings Plan. USCI will also pay the entire cost of enrolling
the winner as a USC Plan Subscriber, as per Plan regulations. USCI plan assets
are professionally managed and invested in accordance with investments
permitted under National Policy 15 of the Canadian Securities Administrators.
This means that assets are conservatively invested allowing the plans to
generate a stable return over the long term.
Registered Education Savings Plans (RESP) receive preferential tax
treatment and are eligible for government grants, such as the Canada Education
Savings Grant (CESG), which encourage early savings for post-secondary
education. USCI is one of the few RESP companies in Canada that is firmly
committed to administering all grant programs available from federal and
provincial governments and is the preferred provider for more than 220,000
USCI, a wholly-owned subsidiary of the International Scholarship
Foundation, is the exclusive distributor and administrator of USC Education
Savings Plans. For more than 40 years, the company has been helping Canadian
families enjoy the peace of mind that comes with a sound education savings
strategy. USCI has over 400 licensed sales representatives across Canada, and
administers assets of $2.4 billion (as at April 30th, 2008).
For further information:
For further information: Paul Renaud, Vice President, Corporate Affairs
& General Counsel, USC Education Savings Plans Inc., (905) 270-4630