For Immediate Release
October 20, 2009

Richmond Hill firm gives one lucky family a boost in RESP savings

For one lucky family, a chunk of rising post-secondary education cost has been chipped away thanks to a Registered Education Savings Plan (RESP) worth up to $20,000 from Global Educational Marketing Corporation (Global).

York Region’s Richmond Hill Mayor David Barrows randomly drew the winning name from over 5,200 entries across Canada, on Oct. 15 at Global’s Head Office in Richmond Hill, Ontario. The winning ballot was from Jocelyne Goupil in Ste-Anne des Plaines, Quebec.

While education costs continue to increase, this RESP prize will certainly help Goupil’s son, Karl-Alexandre Lefebvre, age 12. As a financial company helping parents save for their children’s education, Global should know.

“The city of Richmond Hill is home to the most residents with a post-secondary education in the GTA,” says Barrows. “Global’s vision of shaping a highly educated Canadian society, one child at a time fits our community very well.”

Education costs have skyrocketed during the past two decades. Since 1990, average undergraduate tuition has increased 223% according to Statistics Canada. Gone are the days when most parents could pay for their children’s college or university education out of pocket.

Ironically, many students cannot qualify for student loans because their parents’ household income is too high.

Projections from the Government of Canada’s CanLearn website show that by the time children born today are ready to go to university, they will pay over $110,000 to cover four-years of tuition, books, accommodations, meals and other education-related expenses.

“Post-secondary education is an investment that will impact their children’s future for a lifetime,” says Sam Bouji, President and CEO. “Global understands that parents don’t want to take unnecessary risks with their children’s future.”

While other mutual fund, bank and group scholarship RESP investments show negative or flat growth, Global conservative approach continues to provide positive returns even during the recent severe economic downturn. 

Bouji adds, “Unfortunately, less than half of Canadians take advantage of RESPs and the government grants.” The Canada Education Savings Grant and the Canada Learning Bond can add up to $9,200 in extra savings alone. The provinces of Alberta and Quebec also offer their residents additional incentives to save.

President and CEO Sam Bouji and Richmond Hill Mayor David Barrow announcing the wining ballot for a $20,000 Global Plan RESP at the Global Educational Marketing Corporation Head Office in Richmond Hill, Ontario.

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Media inquiries, please contact:

Maja Begovic or Rudy Bartolome
Marketing and Communications
Global family of companies
Tel: (416) 741-7377 ext. 3501
Fax: (416) 741-8987
Email: media@globalfinancial.ca