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ma 14i economist sun stoufivillethbune tuesday felv2 1999 c-r- c r i r j l its i ii n i n n ij is 1 3- v- a r- k k t- t i icva w advertising featured cv brighter futures v o with kiimdri the worlds most popular afterschool learning program mastery of basic and advanced readingmath skills featured in time l cvtii its outstanding results stronger concentration and study habits 5skumon math reading centres learning how to learn r 905 4151674 16th avenue mccowan 905 9460929 hwy 7 east markham 9054158666 ask us about our preschool program nc at a meeting of hew parents in the neigh- bourhood the conversation turned to the costs of educating their children firsttime parents sonia demarco and doug kirkaldy were alarmed to learn that sending their son to university in 18 years was likely to cost them over 66000 in tuition alone and thats for a basic degree not a specialized one such as engi- neering the rising costs of obtaining a higher educa tion have motivated many parents to start saving for their childrens education sooner rather than later a mere 100 invested monthly at eight per cent compounded monthly can grow to almost 35000 before taxes in 15 years there areseveral options when considering a registered education plan said debbie ammeter vicepresident of advanced financial planning support at investors group in- registered education savings plans resps are a popular way to save for higher edu cation w ah resp is a taxsheltered investment plan designed to helpyou finance your childrens post- secondary education- taxsheltered means that the money within in the future the cost of tuitionmay accede 66000 that is why firsttime parents should start saving for their childs education now f grant contribution room can be carried for- the resp is allowed to grow without being subject ward to future years this means if you have been totaxationt unable to make contributions for one or more the person putting money into the resp does years you may catch up in later years not get a tax deduction but any income earned on vvhat do you do if the child decides not to ij thp mntrihiitinn ornwq tav- the contribution grows tax- free untihthe child rbehefi attend university or college you may select another beriefi- luniversity he l or j she school the proceeds can be tence for at least 10 years and all k becomes eligible to receive transferred into your own rrsr beneficiaries are at least 21 years of 4 j- the accumulated income age and not pursuinghigher edu- lfrorn the planincome from cation you can transfer the pro- j the plan is taxed 4ri the v ceeds into yoiirdwnortspousal childs hands whoe contri- rrsr provided there is available biitions are returned to the contributortaxfree contribution room up to 50000 w c- h j i the maximum annual contribution per plan is alternatively the contributor may be ableto r r r j take the moneyinxash ifyou go this route the v w sirtixjc gross withdrawal would be included iri coh- t canapaeducationsavingsgrants f income and subjec to incometax at the now open in ufttjgredders it s fiih it s creative it works chifdfen v how readearlyare mbrej- confident learners small classes canng teachers j vxkrtl individualizeo programs enricned reading math art music french computers 36 years old 4261 hwy 7 east between warden kennedy 905151348186 p qxfbul mudcnls develop skills ps lor success in school and life skills like leading writing v- cbinprehension spelling irganizaiion planning motivation and critical thinking better marks anil increased confidence are the result gr 1 through high school reading writing spelling moth study skillsfrench homework support learning centres