You have the right to receive your principal invested at any time upon notice to the Plan. However, in order for a child to receive the income benefits of the Plan, the subscriber must keep the principal in the Plan until the child qualifies for college or university. At that time they have the right to withdraw all the principal contributed or leave all or some of the principal to be invested to earn bonus income for the child.

The reason the Plan can provide this guarantee is that investments made on behalf of subscribers offer the guarantee of government that issues the bond:

Canadian Dollar Plan Documents

For the Canadian $ Plan principal invested are guaranteed by the government of Canada and provinces;

US Dollar Plan Documents

For the US $ Plan principal invested are guaranteed by the US federal and state governments, and in some cases the government of Canada and its provinces.

The Plan does not trade in these securities but purchases them and holds them to maturity to ensure no loss of capital occurs.

You receive additional protection of your funds as the Plan is a Trust resident in Bermuda. Bermuda legislation provides complete privacy for you and prohibits seizure of your money by any foreign government or creditor.

Bermuda has been chosen for another reason - it is an international tax free jurisdiction. Together with the trust structure and the investments we have chosen provides the greatest assurance that income in the trust will grow tax free. For those whose jurisdiction taxes investment income heavily, the ability to accumulate tax-free over 18 years provides a significant difference in the funds available at the end of the term.graph illustrates the significant benefit of receiving income from the STI Plan on a tax free basis

The graph illustrates the significant benefit of receiving income from the STI Plan on a tax free basis.

Another feature of the program is that the subscriber can elect to have the principal go directly to the child when they qualify for college or university to assist in the funding of expenses.

Guaranteed Return of Fees Program

 

Canadian Dollar Plan Documents



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US Dollar Plan Documents
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