Grow
your child's opportunities with an RESP
The importance
of education
"Education is a gateway to higher earnings,"
according to Statistics Canada and the 2001 Census.
More than 60% of
Canadians in the highest earning category — over $100,000
a year — have a university degree.
Between 1991 and
2001, average undergraduate tuition fees at Canadian
universities rose by 135.4% — more than six times the rate
of inflation. By the 2002/3 academic year, an undergraduate
at a Canadian university faced tuition fees averaging $3,738
(Source: Statistics Canada, 2002). Fees are likely to
continue to rise.
Whether you are
hoping that your child will attend post-secondary school, or
are an adult wishing to return to school yourself, you'll
need a savings plan to make the dream a reality.
Your Investment
Options
There are a number of options available that make saving for
education as easy as possible.
Any one of these
options — or a combination — might be the right solution
for you. Your investment professional can help you determine
what will work best for your situation.
How does Ethical
Funds® fit into your education savings
program?
If investing with values is important to you, then Ethical
Funds is your education savings solution. As Canada's
first family of sustainable investments, we use the
following Core Values to help guide us in the
management of our mutual funds:
- Respect for
the Environment
Companies must recognize that ecosystems have intrinsic
value and are essential to human well-being. Companies
must reduce adverse impacts, adopt a precautionary
approach to the environment, and help restore ecological
health.
- Respect for
Stakeholders (Employees, Communities, Customers, and
Shareholders)
Companies must recognize that shareholders, employees,
customers, and communities enjoy the benefits and bear
the risk of business endeavours. Companies must offer
solid financial performance, contribute positively to
the local economy, demonstrate good ethics, governance,
and accountability, and develop mechanisms for
incorporating stakeholder priorities into strategy and
operations.
- Respect for
Human Rights and Human Security
Companies must acknowledge their responsibility to
protect and promote human and labour rights within their
sphere of influence, avoid complicity in human rights
abuses, help reduce poverty, advance health and safety,
contribute to good governance, and encourage the
peaceful resolution of conflict.
Getting Started
Every dream is
different and every student is unique.
That's why we recommend you consult your investment professional before you
make any decisions about an education savings plan. They have the expertise to
help you build a plan that works within your means to achieve your goals.
Talk to your
Credential® investment professional at Prairie
Pride Credit Union today about how Ethical Funds
can become a part of your education savings plan. Investing
with Ethical Funds can make a difference in the
future of your child, and help companies make the world a
better place for all children.
For more information, visit www.ethicalfunds.com
