Kids need to learn to earn
The average university graduate earns almost twice as much as someone with a high school diploma. Over a 30 year career, that could add up to $1.1 million of additional income.1
A $208.33 monthly contribution to an RESP for 18 years combined with a $500 annual government grant for 14.4 years compounded at 6.5% over 18 years can provide you with a pre-tax market value of $99,018 to finance a post secondary education.2
Feel free to contact with questions or more information
Douglas J. Bodtcher
Investors Group Financial Services Inc.
780-448-1988 ext. 284
1 2001 Census Data – Statistics Canada. Average earnings for a High School graduate: $34,631; for a University graduate: $61,156. Assuming an average annual inflation rate of 1.99% (Bank of Canada,
June 1997 – June 2012), the difference over 30 working years will total $1,095,765.
2 Assuming a $208.33 lump sum contribution on the first of each month, a $500 annual Canada Education Savings Grant (CESG) for 14 years and a $200 CESG in year 15 providing a maximum $7,200 lifetime
CESG. The CESG and Canada Learning Bond (CLB) are provided by the Government of Canada. CLB eligibility depends on family income levels. Some provinces make education savings grants available to
their residents. The rate of return is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values or returns on investment.
Written and published by Investors Group as a general source of information only. It is not intended as a solicitation to buy or sell specific investments, nor is it intended to provide tax, legal or investment
advice. Readers should seek advice on their specific circumstances from an Investors Group Consultant.
™ Trademark owned by IGM Financial Inc. and licensed to its subsidiary corporations.
“Kids need to learn to earn”© Investors Group Inc. 2012 MP1286 (08/2012)
