How the Impression Plan Works

Steady, secure investments

Contributions to the Impression Plan – and the interest those contributions earn – are invested in low risk investments.

These include Guaranteed Investment Certificates, Federal and Provincial Bonds, Corporate Debt Securities, Term Deposits, Government Treasury Bills, Mortgage-backed Securities and Variable Rate Securities.

Canada Education Savings Grant* (CESG)

Impression Plan contributions are eligible for government grants, including the Canada Education Savings Grant (CESG). With the CESG, the government will contribute up to an additional 20% of the first $2,500 in annual contributions made to an RESP – up to $500 per year. The CESG lifetime maximum is $7,200 per eligible child.

* Certain conditions apply

Start at any age

Unlike other plans, the Beneficiary of an Impression Plan can be older than 15 years when the plan is started.

Your contributions stay yours

If your Impression Plan Beneficiary doesn't pursue post-secondary education:

• your contributions will be returned to you
• there is an annual MER of 1.98%, and withdrawals from the plan before seven years have elapsed after the date of enrollment are subject to a sales charge  - see prospectus for full details
• Interest earned may be transferred to your RRSP or your spousal RRSP

Use your Educational Assistance Plans anywhere

Your Impression Plan Education Assistance Payments can be used at any recognized post-secondary institution worldwide.