Education Planning

In Canada , the primary means of saving for your, or your children's education is the Registered Education Savings Plan ($4,000 annually), coupled with the Canada Education Savings Grant of $400. Funds inside this account grow tax-deferred until needed for education expenses and any withdrawals are taxed as ordinary income to the student (which are typically in a lower tax bracket). In addition, there are the tax credits for the tuition amount, education amount and student loan interest on your annual Canadian tax return. Following are some things to consider in planning for your child's education when moving to the US:

Interesting Links

	www.collegesavings.org - Info on each State's 529 plan
	www.finaid.org - Info on student financial aid options
	www.fastweb.com - Search for available scholarships
	US Federal Government Student Aid
	www.salliemae.com - Search for student loan info
	www.estudentloan.com - More student loan info