Intergenerational planning

Legacies and Financial Gifts

Intergenerational Planning for Your Children and Grandchildren

 

You found financial success and are now thinking of those around you. You would like to inspire positive financial stewardship in the coming generations, increasing the chance that your success can become a productive legacy for those who follow you. A gift today can create the opportunity to engage with your cherished ones in a meaningful discussion about wealth: what it means to you, how you would recommend its stewardship, and the options it can create for the future.

 

Qube is here to support you and your wishes in this endeavour. Once a gift is determined, we coordinate with you and your grandchildren (when appropriate) to clarify its purpose, plan, terms, and conditions. Then, going forward, we meet on a regular basis with your grandchildren to counsel and coach them, building financial literacy.

Choices Tailored to You

Choosing the right account depends on the objectives you have for your gift, whether it is for future schooling, home purchases, or retirement savings. All the options offered by Qube allow your beneficiaries to have both equities and fixed income. They will have the opportunity to learn about investing and the benefits of long-term goal planning.

Education Savings — RESP Account

  • Best for gifts of $2,500-$50,000 per beneficiary
  • Available government grants of up to $7,200
  • Ideal for small, annual contributions
  • Tax-deferred investments
  • Funds must be spent on education & post-secondary programs
  • Must be closed after 35 years

Informal Trust Accounts

  • No contribution limit, ideal for gifts up to $100,000
  • Favourable taxation for capital gains
  • Ideal for one-time gifting
  • No government restrictions on how funds are used
  • Account ownership is transferred to the beneficiary when they reach the age of majority
  • No taxation or annual filing fees

Formal Trust Accounts

  • No contribution limit, ideal for gifts over $100,000
  • No limit to the number of beneficiaries (family trust)
  • Ideal for multi-generational planning
  • Can set formal guidelines for accessing the funds
  • Initial set up and annual trust filing fees required
  • Income and taxable gains within the trust taxed at the highest marginal rates (but can also be distributed to beneficiaries)

The Sapling Program

 

Your children and grandchildren’s attitudes towards finances can be set early in childhood. Qube’s Sapling Program nurtures positive financial behaviours that will lead them to success. The typical school curriculum is inadequate when it comes to practical finance education. Together, we can bridge that gap in knowledge, potentially saving your grandchildren from unnecessary struggle.

Mapping Out the Road to Financial Literacy

The Sapling Program consists of annual group education sessions. Either conducted in-person or virtually, the lessons are tailored to different age groups. These interactive sessions emphasize wealth planning and critical thinking with regard to significant financial decisions. Qube also provides an annual education package for your grandchild and their parents. This package equips your grandchildren with educational tools that are appropriate for where they are in their personal finance journey.
Three kids leans on a desk. They are about the age where they might start learning about finances through Qube's Sapling Program, part of intergenerational planning.

Focus of Engagement:

Group Sessions

Grades 4 to 6 — Personal Finance Basics

      • Saving vs. investing
      • What is debt?
      • Giving and philanthropy
      • Compounding
      • Introduction to cash vs. cards

Grades 7 to 9 — Investing, Risk & Reward

      • What is equity ownership?
      • What is debt ownership?
      • Engaging kids with companies in Kaleo
      • Working income vs. investment income

Grades 10 to 12 — Investments & Goal Planning

      • Saving for financial goals
      • Careers and income
      • Diversification
      • Income and investment taxation basics
      • Investment account types and their roles

Eligibility and Enrolment

Clients for whom we have done intergenerational planning may enrol any school-aged beneficiaries. Sessions are done in the later summer/early fall. Reach out to us by email or call (780) 463-2688 to express interest in enrolling your children!

YOUR LEGACY MATTERS.

Let’s talk about gifting your grandchildren financial security and education with intergenerational planning.

Intergenerational planning

Legacies and Financial Gifts

Intergenerational Planning for Your Children and Grandchildren

You found financial success and are now thinking of those around you. You would like to inspire positive financial stewardship in the coming generations, increasing the chance that your success can become a productive legacy for those who follow you. A gift today can create the opportunity to engage with your cherished ones in a meaningful discussion about wealth: what it means to you, how you would recommend its stewardship, and the options it can create for the future.

Qube is here to support you and your wishes in this endeavour. Once a gift is determined, we coordinate with you and your grandchildren (when appropriate) to clarify its purpose, plan, terms, and conditions. Then, going forward, we meet on a regular basis with your grandchildren to counsel and coach them, building financial literacy.

Choices Tailored to You

Choosing the right account depends on the objectives you have for your gift, whether it is for future schooling, home purchases, or retirement savings. All the options offered by Qube allow your beneficiaries to have both equities and fixed income. They will have the opportunity to learn about investing and the benefits of long-term goal planning.

Education Savings — RESP Account

  • Best for gifts of $2,500-$50,000 per beneficiary
  • Available government grants of up to $7,200
  • Ideal for small, annual contributions
  • Tax-deferred investments
  • Funds must be spent on education & post-secondary programs
  • Must be closed after 35 years

Informal Trust Accounts

  • No contribution limit, ideal for gifts up to $100,000
  • Favourable taxation for capital gains
  • Ideal for one-time gifting
  • No government restrictions on how funds are used
  • Account ownership is transferred to the beneficiary when they reach the age of majority
  • No taxation or annual filing fees

Formal Trust Accounts

  • No contribution limit, ideal for gifts over $100,000
  • No limit to the number of beneficiaries (family trust)
  • Ideal for multi-generational planning
  • Can set formal guidelines for accessing the funds
  • Initial set up and annual trust filing fees required
  • Income and taxable gains within the trust taxed at the highest marginal rates (but can also be distributed to beneficiaries)

The Sapling Program

Your children and grandchildren’s attitudes towards finances can be set early in childhood. Qube’s Sapling Program nurtures positive financial behaviours that will lead them to success. The typical school curriculum is inadequate when it comes to practical finance education. Together, we can bridge that gap in knowledge, potentially saving your grandchildren from unnecessary struggle.

Mapping Out the Road to Financial Literacy

The Sapling Program consists of annual group education sessions. Either conducted in-person or virtually, the lessons are tailored to different age groups. These interactive sessions emphasize wealth planning and critical thinking with regard to significant financial decisions. Qube also provides an annual education package for your grandchild and their parents. This package equips your grandchildren with educational tools that are appropriate for where they are in their personal finance journey.
Three animals: a rabbit, beaver, and bear, go on a hike. They are starting their financial journey through intergenerational planning and the sapling program.

Focus of Engagement:

Group Sessions

Grades 4 to 6 — Personal Finance Basics

  • Saving vs. investing
  • What is debt?
  • Giving and philanthropy
  • Compounding
  • Introduction to cash vs. cards

Grades 7 to 9 — Investing, Risk & Reward

  • What is equity ownership?
  • What is debt ownership?
  • Engaging kids with companies in Kaleo
  • Working income vs. investment income

Grades 10 to 12 — Investments & Goal Planning

  • Saving for financial goals
  • Careers and income
  • Diversification
  • Income and investment taxation basics
  • Investment account types and their roles

Eligibility and Enrolment

Clients for whom we have done intergenerational planning may enrol any school-aged beneficiaries. Sessions are done in the later summer/early fall. Reach out to us by email or call (780) 463-2688 to express interest in enrolling your children!

YOUR LEGACY MATTERS.

Let’s talk about gifting your grandchildren financial security and education with intergenerational planning.