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The Vote Passed!

85% of all Flex First votes were cast in favour of transferring to the Embark Student Plan. All Flex First Plans will now be moved to the Embark Student Plan.

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Learn More About What You’ll Get Through The Transfer

We strongly believe upgrading to the Embark Student Plan is in your best interest. With it, you’ll get more tools, more insights and a tailored investment strategy to help you plan, save and use your RESP. However, don’t just take our word for it. Learn more about the vote and what you’ll get by reviewing these three important documents:

Information Circular

Why The Vote Matters

Plan Prospectus

Pay Less For More

As part of the vote, you’ll receive a lifetime management fee rebate of 1.16%.

This means you’ll get all of the amazing benefits of the new plan for 0.49%, which is far lower than the 1.49% you currently pay for your Flex First Plan. The best news is, you’ll also receive this reduction for any additional funds you contribute or transfer into your plan moving forward!

A young girl with braided hair, smiling, holding books about post-secondary education planning and wearing a backpack, standing against a green background.

All About Your New Embark Student Plan

The plan automatically adjusts its investment mix based on your child’s stage in life. When your child is young, the plan will focus on growing your savings with more exposure to equities. As they near post-secondary school, it becomes more conservative to try and protect what you’ve built, adding more fixed income and cash.

Key Benefits:

Best-in-class tailored investment strategy
More growth potential when your child is young
More protection against downturns when funds are needed
Additional, conservative options if needed
Managed by Embark and BMO
Simple, competitive fee structure

The Embark Student Plan uses our industry-leading digital platform to help you visualize what you’re saving for. You can forecast how much your child’s education will cost, track your savings on a daily basis and automatically optimize your withdrawals to make the most of your money.

Key Benefits:

Forecasts and visualizes what you’ll have saved
Tracks your savings and growth, daily
Sends alerts when you’ve received grants
Provides estimates on how much school will cost
Simplifies the withdrawal process, making it easier to access your money

The Embark Student Plan offers full flexibility when it comes to your education savings. You have the option to simplify your savings and merge your children’s accounts all into one plan – even if more come along the way. You can save as much as you can, when you can, and will receive more updates on your plans performance.

Key Benefits:

Option to merge your savings and children into one plan
Allows you to easily make changes to your plan, online
Edit and add subscribers, children and savings goals
Stop and start contributions, or change the amount being saved at any time
More frequent account statements

Make Sure Your Info’s Up-To-Date

To get the most out of the transfer, be sure to review and confirm the personal information you have with us. This includes:

It’s Important To Remember

That you will either be transferred into the Embark Student Plan or Embark Select Conservative Plan based upon your risk tolerance. Please call us to make sure it’s up-to-date as part of your KYC info.

Vote Resources and Information

Post-Vote FAQ

Management Information Circular

Why The Vote Matters - Simplified Chinese

Embark Student Plan Prospectus

Flex First Plan EAA

2023 Embark Select Conservative Plan Prospectus

2023 Embark Select Conservative Plan - Plan Summary

Commonly Asked Questions

The difference between the Embark Student Plan and the Embark Select Conservative Plan is their investment strategies. Everything else is the same. The Embark Student Plan uses a glidepath investment strategy. It focuses on trying to grow your savings with more exposure to equities when your child is young. As your child gets older, the plan progressively becomes more conservative to try and protect what you've built. The Embark Select Conservative Plan is for low risk, more conservative investors. It invests the money you've saved into a portfolio of roughly 75% fixed income funds and 25% equities funds to try and preserve your savings while providing some investment growth. Both plans move your savings into a Graduation plan focused on preserving your savings around the time your child turns 18, when they will likely need the savings for post-secondary studies.

See more FAQs

Have a Question? Reach Out!

If you have any questions about the vote or what it means to you, please don’t hesitate to reach out.

Phone: 1-800-363-7377
Email: vote@embark.ca

The Vote Passed!