Education Planning Textbook

This textbook is used to address  Education Planning in Courses in Personal Financial Planning Programs of Community Colleges and Universities. You will also find it valuable in your personal studies in preparation for writing the Professional Exams.

The Textbook includes 104 pages addressing the components of education planning as defined in the CFP® Body of Knowledge and the PFP® Professional Competency Profiles.

Chapters

  • Education Planning
    Student Grants And Loans
    Students And Income Tax
    Registered Education Savings Plans
    Lifelong Learning Plan

The Textbook will guide you through current and up-to-date concepts, definitions and strategies required to address client’s needs with examples as to how they apply to client situations that you would find on the examinations.

Concept

The Canada Education Savings Act provides for a 20% Canada Education Savings Grant (CESG) to be paid on contributions made to a registered education savings plan (RESP) in respect of a beneficiary up to and including the year in which the beneficiary turns 17 years of age (CESA 5(2)).

 Definitions

The dollar limit on the maximum annual CESG is $1,000 (CESA 5(2)(b)). An assisted contribution is a contribution to an RESP in respect of which a CESG was paid.

Example

This year, Jennie plans to contribute $3,000 to an RESP on behalf of her daughter, Amanda. 

Amanda had unused CESG room remaining last year of $500, so her total CESG room this year is $3,000, calculated as:

  • (new CESG contribution room of $2,500 + carryforward of $500).

HRSDC will provide a grant of $600, calculated as:

  • (the lesser of (the dollar limit of $1,000 and (the grant rate of 20% × (the lesser of (the contribution of $3,000 and beneficiary’s unused CESG grant contribution room of $3,000))))).

The Personal Financial Planner's Manual™

The Textbook is included as one of the sections of The Personal Financial Planner's Manual™.

The Personal Financial Planner's Manual

Shipping

We ship the Textbook by Canada Post to the mailing address that you give us. 

Trade Mark

The Personal Financial Planner's Manual™ is a trade mark of D. R. Gobeil & Associates Ltd.

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