I have one account for now while I sort out this mess. I contribute $3500/year to get the 20% match from CESG and in Sask. theres 10% matching for SAGES - combined match max of $750/year.
Here's the bad part, the list of places that can hold my money is small. I can have it with RBC and get mutual funds but if it goes to RBC Direct the 10% grants disappear. Same thing with TD, in bank mutual funds are okay but e-series are not set up to receive the grants. If money is moved to an ineligible account the money is permanently revoked. I looked into putting my money in, getting the grants, and then moving my $2500, that is not allowed either (grant still disappears).
There's a 15 year timeline before the money is needed, tentative school date of 2031. When you consider MER's on mutual funds, around 2% on the mutual fund available, am I better off buying an ETF and forgoing the 10% match? Will lower fees over the next 15 years beat the guaranteed match and high fees? seriously, the mutual funds are the same as an ETF, its all the same risk.
