Monday, April 26, 2004

Citibank's new credit card will help you get creative with RESP contributions: The Citi KidsFutures MasterCard will make its debut in May. It'll be a no-fee card that puts up to 2 per cent of the value of your purchases in a special account that you can periodically empty into an RESP. The beauty of this arrangement is that your cash rewards are eligible to receive a matching 20-per-cent Canada Education Savings Grant from the federal government, up to a total of $400-500 per year for. [Globe & Mail 4/13/2004]