October ‘09 Writing Contest
This month, the challenge is to transform a message that’s written negatively and make it positive:
Consider the disadvantages of failing to continue your regular contributions to your child’s Golden Financial RESP plan:
- you lose the advantage of tax sheltered interest an RESP savings plan provides. Interest earned outside an RESP is usually taxable income, which significantly reduces the amount available when your child approaches you for funds to pay for books, food, tuition, bus fare, fees, residence and so on.
- you will not earn the same high rate of return individually as you can when your funds are pooled in Golden Financial’s 1.6 m portfolio
- you lose the $500 Canadian Education Savings Grant for this year
We’ll keep the contest open until the end of November.
You can post your rewrite in the comments below, or email it to jody@brunerbiz.com. Good luck!
Enrich your child’s future through regular contributions to the Golden Financial RESP plan:
* tax shelter the interest you earn in an RESP savings plan
* provide your child more money when they need it most, when they chase success through higher education
* increase your returns by combining your savings with the funds in Golden Financial’s 1.6 m portfolio
* get paid by the government $500 through the Canadian Education Savings Grant
I improved the last sentence:
Enrich your child’s future through regular contributions to the Golden Financial RESP plan:
* tax shelter the interest you earn in an RESP savings plan
* provide your child more money when they need it most, when they chase success through higher education
* increase your returns by combining your savings with the funds in Golden Financial’s 1.6 m portfolio
* get the government to pay you $500 through the Canadian Education Savings Grant
Hi Gweneth,
Thanks for participating in the contest–I’ll post winners by the end of November.
Best, Jody
Making regular contributions to your Golden Financial RESP plan is quite simply in the best interests of your Child. Why?
Interest earned within the plan is tax sheltered, providing more funds to pay for tuition, materials and living expenses when most needed.
You will enjoy a much higher rate of return by pooling your contributions in Golden’s $1.6 million fund than you would investing individually. Again, more money to pay the bills!
Also, by contributing through the course of each year you qualify for the $500 Canadian Education Savings Grant – directly reducing the cost of your contributions.
Tax sheltered earnings, improved return on investment, and reduced costs, all to the benefit of your child. Regular contributions are clearly the best way to go!