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Adopting a Child
If you’ve thought long and hard about adopting a child from a foreign country and have made arrangements to ensure the child gets all the necessary love and care to fulfill his or her potential, then now’s the time to make your dream come true!
Like any other major project, adopting a child can be expensive. That’s why National Bank, your financial partner, has put together a comprehensive financial package to help you realize your most cherished dream – becoming a parent.
A package for parents
The international adoption financial package is designed specifically for parents who wish to adopt a child from another country.
A variable rate personal loan1
An added plus: a line of credit at a reduced rate1
If you require additional financial leeway for your planned adoption, National Bank offers you the following for a period of six months5:
Tools for your family
Regardless of the financing solution you choose, by protecting yourself with loan insurance, you can ensure that your dream will live on, even when the unexpected happens.
To help you realize your family projects, National Bank proposes a disciplined savings approach: systematic investment.
The Bank also offers advantageous conditions for several other banking products.
Tools for your child
Like all parents, you want the very best for your child.
A bit of help for saving money
Teach your child the value of saving by opening a First Step account. This account is designed for children under six and is offered free of charge.
A helping hand for studies
Offer your child the gift of higher education by contributing to a Registered Education Savings Plan (RESP).
An RESP is a tax-sheltered investment plan that lets you save money for your child’s post-secondary education. The money grows in the plan until your child begins his or her post-secondary studies.
The money you set aside in this program will be augmented by government contributions made through the Canadian Education Savings Grant (CESG). The CESG amount will depend on the contribution amount and your family income. Your child could receive a CESG of up to $50011 a year, up to a maximum of $7,200 for the duration of the program, until the calendar year in which he or she turns 17.
In addition to a comprehensive package that includes competitive financing solutions and discounts on a wide array of banking products, National Bank also provides practical advice. If you are planning to adopt a child from Asia, the staff at the Asian Banking Centres in Montreal, Toronto and Vancouver will be pleased to provide you with information on the culture, climate and living conditions in Asian countries.
1 Subject to credit approval by National Bank.
7 The interest bonus applies during the five-year term only. This promotion does not apply to Escalarater or Evoluterm GICs. Minimum investment of $5,000. The interest rate is based on the principal invested and the duration of the investment. Refer to the interest rate bulletin for deposits, available at branches, for details of the interest rate applicable to each portion of principal invested. Rates are subject to change without notice. Interest is simple or compound, depending on the client’s choice. This offer may be withdrawn at any time without notice, at National Bank’s discretion. This offer is not transferable and may not be combined with any other offer or promotion.
11 Certain conditions apply. For more information, refer to Guide RC4092 Registered Education Savings Plan published by the Canada Revenue Agency.