Back to school is a big time of the year for kids, and many parents and grandparents want to celebrate their children’s next steps and encourage enthusiastic learning through a special gift. If you’re looking for back-to-school gift ideas for your child or grandchild this year, get them the gift of financial security by investing in their future!
Don’t Give Them Any Old Gift, Invest in Their Journey Instead
While a new computer, a fancy backpack, or the toy they’ve been eyeing are great options for a fun gift, they’re obviously not life-changing. When you are looking for inspiration and ideas for back-to-school gifts, this year, choose to invest in a gift with a longer lifespan that will eventually really pay off (literally!).
With Child Plan™, you can go beyond simple education savings and invest in your child’s future home, or future business, something that will last them much longer and provide them with the flexibility to contribute to whatever life’s path they choose. You may be wondering at this point what Child Plan™ is and how it can help you to gift your child a financially stable future: here’s what you need to know.
The Benefits of Child Plan™
Child Plan is a safe and easy way for parents, grandparents, and guardians to invest in their child or children’s futures tax-free. Similar to an RESP, you’re able to invest money monthly towards your child’s future, however, what differentiates Child Plan from an RESP or other saving plans is its flexibility!
The money you invest in Child Plan does not have to exclusively be used for an approved Canadian post-secondary education, it can be used how your child feels fit once they become adults. This means that your child can use their money on a university/college education, their first home purchase, or even a business they’d like to start. There are endless possibilities for your child to use their nest egg, and you as a parent or guardian, can feel good knowing that your child is ready for whatever financial challenges life is going to send their way.
Give your child the gift of a lifetime this back-to-school season with Child Plan™!
As Canada’s leader in financial planning for children, Child Plan™ is committed to helping parents and grandparents plan for their children’s futures. Children are the future, build a future for them you can be proud of.