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Invest in a child’s future with a Freedom Financial™ RESP – Canada Life

A registered education savings plan can help you save for a child’s future. Get started at www.mycanadalifeatwork.com

View the video transcript:

Description: This animated video uses illustrated characters to show the lifelong journey of a family preparing their child for post-secondary education.
Narrator: One of a family’s proudest moments is seeing a child graduate.
Description: A married couple sits in the audience of an event. The husband takes a photo with his phone. Cut to a stage where their daughter is in a graduation gown, holding her diploma.
Narrator: But whether it’s university, college, trade school or apprenticeship, it’s likely to cost thousands of dollars.
Description: The camera zooms out to show the graduate in a circle. Another circle appears, revealing the daughter as college graduate. Another circle follows, where she is a skilled tradesperson. Three portraits are displayed.
Narrator: A registered education savings plan or RESP
Description: The words “Registered education savings plan” appear on screen.
Narrator: offers tax advantages and government incentives that help maximize your savings.
Description: Cut to a line graph of an RESP investment begins to grow over time.
Narrator: Plus, the money in a RESP grows tax-free until it’s withdrawn.
Description: As the savings increase over time, graphics of items needed for post-secondary appear: “Transportation,” “Textbooks,” “School supplies” and “Tuition fees.”
Narrator: By starting to invest in a Freedom Financial™ RESP today, you’ll pay generally lower investment fees
Description: The graph grows slightly higher to show savings from lower fees.
Narrator: than similar bank RESPs.
Description: The line on the graph continues. The camera follows as the line is revealed to be drawn by a toddler’s hand holding a crayon. A scribbled drawing is shown.
Narrator: That could help you save even more money, faster.
Description: Cut to the graduate shown as a toddler, sitting at the table with crayons in both hands. Her young parents look at her lovingly.
Narrator: Which will help your student stay focused on their future, and not on whether they can afford it.
Description: Time moves forward. The daughter is now a preteen. She sits at the kitchen table with a workbook in front of her. Her mother helps her with her homework. They smile at each other.
Narrator: You can quickly and easily set up an RESP online.
Description: Time moves forward again. Now a young adult, the daughter waves goodbye from the driver’s seat of her car, packed for school. She slowly drives away, and her parents wave back from the front door of their home.
Narrator: Go to mycanadalifeatwork.com today to get started.
Description: Text “Go to mycanadalifeatwork.com today to get started.” appears with Canada Life logo and legal line: Canada Life, My Canada Life at Work and design are trademarks of The Canada Life Assurance Company. canadalife.com 1-800-724-3402