Yes, you can withdraw from a segregated fund before the maturity date, however your guarantees will be affected. They will be proportionately reduced by any withdrawals or fees applicable to the withdrawal.

Yes, you can use an RESP for an apprenticeship. The list of eligible programs also includes apprenticeships in skilled trades such as electrical work, welding, plumbing and more.

Here are some things you can do with your RESP if your child doesn’t go to school:
• Keep the RESP open in case your child chooses to enroll later.
• Transfer the RESP to another child.
• Transfer funds from the RESP in to a registered retirement savings plan (RRSP).

• Yes, in order to receive the Canada Education Savings Grant (CESG) and the Canada Learning Bond (CLB), you need to apply for them through your Registered Education Savings Plan (RESP) provider.
• When you open an RESP for your child, you will need to provide their Social Insurance Number (SIN) and fill out the necessary forms to apply for the grants. Once your application is processed and approved, the government will provide the grant funds directly to your RESP account.
• It's important to note that there are certain eligibility requirements for both the CESG and CLB. For example, to be eligible for the CESG, the RESP beneficiary must be a Canadian resident with a valid SIN and under the age of 18. The amount of the grant will also depend on the contributions made to the RESP.
• For the CLB, the child must be born after December 31, 2003, and the family must be receiving certain government benefits, such as the National Child Benefit Supplement or the Guaranteed Income Supplement. The amount of the CLB will depend on the family's income level and the eligibility requirements.
• So, to ensure that you receive the maximum amount of government grants for your child's education, it's important to apply for the CESG and CLB as soon as possible and to make regular contributions to the RESP.

RRSPs offer tax-deferred savings. This means you won’t have to pay tax on any investments you have within an RRSP until you start withdrawing funds.

As an example, let’s say you start withdrawing money from your RRSP after you retire at age 65. At this point in your life, you may be in a lower tax bracket. This means you’ll be paying less tax than you would if you with withdrew money from your RRSP in your 30s or 40s.

An income fund holds assets that generate specific returns, such as dividends and interest income. This cash flow is then distributed to investors at a specific rate.

Managed solutions are the fastest-growing category of mutual fund, and often include multiple funds in a single portfolio. This allows the manager to diversify across multiple sectors to build portfolios reflecting an investor’s risk profile: from conservative (all fixed income) to aggressive (all equities).

Unlike a product such as a guaranteed investment certificate, the returns on mutual funds are not guaranteed. Past performance is no guarantee of future performance and the value of a fund can rise or fall over time.