Login l Contact l Help     





TOP GIC RATES

Click here
to get a list of the top GIC rates available through GP Wealth Management. Please contact your GP advisor for more information regarding any of the above investments.

  Open an account and request
GP Information Kits and
Applications. Learn more...
 


GET ON-LINE ACCESS
  To obtain access to your accounts, click here or contact us at 1-800-608-7707 ext. 242 or by email at  password@gpwealth.ca  



TOP FUNDS




Find out which funds are currently performing well. Click the links below for each category.
Canadian Focused Equity »
Canadian Fixed Income »
Global Equity »
 
In-Trust Account

An In-Trust Account can be a great way to save for a child's post-secondary education. The investor, commonly known as the trustee, manages money or other assets for a child (the “beneficiary”) until the child reaches the age of majority. At that point, the trustee can make any necessary arrangements for the money to become available to fund the child's schooling.

There may be tax advantages too! With a properly structured account, your child may pay taxes on the growth or capital gain in an in-trust account. Since your child will probably have a lower taxable income than you, he or she could be taxed at a lower rate, and possibly pay no tax at all.

Key benefits of an In-Trust Account 
  • You can contribute as much money as you want
  • All capital gains may be taxed in the hands of the child
  • If funds for an in-trust account come solely from Child Tax Benefit payments or an inheritance, income is taxed in the hands of the child
  • Money stays in the hands of the child if he/she decides not to pursue a post-secondary education

You should know that, as the donor, you will be taxed on all income including interest, dividends, foreign, and other income if earned while you are a resident of Canada during the applicable year.

 

 

Find out more ...

Download Documents

Useful Tools and Information



 
The Value of Advice Getting Advice
Canadians with financial advisors are more confident about their future.

Learn more, download the independent report on
The Value of Advice
Reviewing your Education Savings Plans? We encourage you to talk to us. Click here, if you would like to discuss your education plans or to receive information by mail. Not a GP client yet? Find out more about:
Download Report
 
Open an Account