Thursday, August 20, 2015

FINANCIAL LITERACY: Getting the Most out of an RESP

Families can help put their kids through post-secondary education with smart planning and a boost from both federal and provincial government grants and matching funds.

Canada Education Savings Grant
The Canadian Education Savings Grant (CESG) program offers a 20% bonus on the first $2,500 saved a year in a Registered Education Savings Plan (RESP), for children up to age 17. That means your child’s RESP could grow by an extra $500 each year ($7,200 lifetime maximum).

Canada Learning Bond
Lower income families who have no education savings often qualify for the Canada Learning Bond (CLB). Qualify for the CLB and add $500 to your child’s RESP instantly, and $100 each year until they turn 15. Add it all up, and it can be worth as much as $2,000 in a student’s education fund. The Bond is available for children born after December 31, 2003 into families who receive the National Child Benefit Supplement as part of the Canada Child Tax Benefit.  

BC Training and Education Savings Grant
As of August 15, 2015 parents can apply for the new British Columbia Training and Education Savings Grant. With this grant the B.C. Government will contribute a grant of $1,200 to eligible children who meet the following criteria: 
  1. Born in 2007 or later.
  2. At the time of application the child and a parent/guardian of the child are residents of B.C.
  3. At the time of application the child is the beneficiary of an RESP with a participating financial institution.
Don’t miss out on extra contributions to your child’s post secondary education savings. Contact us today at 1.888.386.KSCU or contactus@kscu.com and a friendly Kootenay Savings advisor will be happy to help guide you through the process of starting to save. 

Monday, August 10, 2015

OUTDOOR MOVIE NIGHT RETURNS!

Kootenay Savings’ Outdoor Movie Night is coming back to Kimberley, Trail, Nakusp and Radium Hot Springs this September!

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Come see one of this summer's biggest hits - INSIDE OUT - and experience the thrill and excitement of watching a movie outdoors under the stars on a state of the art three-storey inflatable screen.

Admission is FREE; please bring a non-perishable food item to support your local food bank. Remember to bring your lawn chairs, blankets and wear something warm.  Concessions and washroom facilities will be available.

Questions? Contact our Community Liaison, Aron Burke at aron.burke@kscu.com or 250.368.2683, or visit facebook.com/KootenaySavings.

Thursday, July 9, 2015

KASLO: Fundraising BBQ for Public Library

On Saturday, July 18, our Kaslo Branch is hosting a fundraising BBQ in support of the Kaslo & District Public Library. 


If you're in the neighbourhood, pop on by for lunch and help us help the library turn the page to the future!  For more information, please contact the branch at 250-353-2217 or kaslobranch@kscu.com.

Monday, June 29, 2015

WARFIELD BRANCH: Open House & Special Presentation

We're saying farewell and thank you to the community of Warfield on Friday, July 3. 

Please join us to enjoy coffee and treats and to share memories. A special presentation to the Village of Warfield will start at 11:30am. We look forward to seeing you there.