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David Bassett, BA (Econ./Poli.Sci.), CFP

Vice President, Investment Advisor

Home» Our services» Saving for your children

Our services

Saving for your children

Saving for your dependants can create a set of challenges; offsetting these are some appealing tax advantages. We offer tax-efficient savings tools to help you achieve your saving goals to provide for your children’s futures. We offer:

RESP (Registered education savings plan) accounts — Registered Education Savings Plans (RESPs) are one of the most popular education savings programs in Canada.
Informal trust accounts — An informal trust is not a legal trust; rather, it is much more like a savings account for the child (under 19) which offers special tax treatment for capital gains within the account. Interest and dividend income is attributed back to the parents, until the child reaches the age of majority.

Related links:

Registered Education Savings Plan (Macquarie Private Wealth Inc.)
Monthly $100 Universal Child Care Credit (UCCB)
Universal Child Care Benefit (UCCB) application

The comments contained herein are general in nature and are not intended to be, nor should be construed to be, legal or tax advice to any particular individual. Accordingly, individuals should consult their own tax advisors for advice with respect to the tax consequences to them, having regard to their own particular circumstances.

No entity within the Macquarie Group of Companies is registered as a bank or an authorized foreign bank in Canada under the Bank Act, S.C. 1991, c. 46 and no entity within the Macquarie Group of Companies is regulated in Canada as a financial institution, bank holding company or an insurance holding company. Macquarie Bank Limited ABN 46 008 583 542 (MBL) is a company incorporated in Australia and authorized under the Banking Act 1959 (Australia) to conduct banking business in Australia. MBL is not authorized to conduct business in Canada. No entity within the Macquarie Group of Companies other than MBL is an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Australia), and their obligations do not represent deposits or other liabilities of MBL. MBL does not guarantee or otherwise provide assurance in respect of the obligations of any other Macquarie Group company. Macquarie Private Wealth Inc. is a member of the Canadian Investor Protection Fund and IIROC.