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Grow your child's
opportunities with an RESP
The
importance of education
"Education is a gateway to higher
earnings," according to Statistics
Canada and the 2001 Census.
More
than 60% of Canadians in the highest
earning category — over $100,000
a year — have a university degree.
Between
1991 and 2001, average undergraduate
tuition fees at Canadian universities
rose by 135.4% — more than six
times the rate of inflation. By the
2002/3 academic year, an undergraduate
at a Canadian university faced tuition
fees averaging $3,738 (Source: Statistics
Canada, 2002). Fees are likely to
continue to rise.
Whether
you are hoping that your child will
attend post-secondary school, or are
an adult wishing to return to school
yourself, you'll need a savings plan
to make the dream a reality.
Your
Investment Options
There are a number of options available
that make saving for education as
easy as possible.
Any one
of these options — or a combination
— might be the right solution
for you. Your investment professional
can help you determine what will work
best for your situation.
How
does Ethical Funds®
fit into your education savings program?
If investing with values is important
to you, then Ethical Funds
is your education savings solution.
As Canada's first family of sustainable
investments, we use the following
Core Values to help guide us
in the management of our mutual funds:
- Respect
for the Environment
Companies must recognize that ecosystems
have intrinsic value and are essential
to human well-being. Companies must
reduce adverse impacts, adopt a
precautionary approach to the environment,
and help restore ecological health.
- Respect
for Stakeholders (Employees, Communities,
Customers, and Shareholders)
Companies must recognize that shareholders,
employees, customers, and communities
enjoy the benefits and bear the
risk of business endeavours. Companies
must offer solid financial performance,
contribute positively to the local
economy, demonstrate good ethics,
governance, and accountability,
and develop mechanisms for incorporating
stakeholder priorities into strategy
and operations.
- Respect
for Human Rights and Human Security
Companies must acknowledge their
responsibility to protect and promote
human and labour rights within their
sphere of influence, avoid complicity
in human rights abuses, help reduce
poverty, advance health and safety,
contribute to good governance, and
encourage the peaceful resolution
of conflict.
Getting
Started
Every dream is different and every
student is unique.
That's
why we recommend you consult your
investment professional before you
make any decisions about an education
savings plan. They have the expertise
to help you build a plan that works
within your means to achieve your
goals.
Talk
to your Credential®
investment professional at Auto
Workers Community Credit Union
today about how Ethical Funds
can become a part of your education
savings plan. Investing with Ethical
Funds can make a difference in
the future of your child, and help
companies make the world a better
place for all children.
For more
information, visit www.ethicalfunds.com
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