International Adoption Financial Package

If you’ve been thinking long and hard about adopting a child from a foreign country and have already made arrangements to ensure that the child gets all the necessary love and care to fulfill his or her potential, then now’s the time to make your dreams 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.

The international adoption financial package is designed specifically for parents who wish to adopt a child from another country.

If you require additional financial leeway for your planned adoption, National Bank offers you the following for a period of six months⁵:

To help you realize your family projects, National Bank proposes a disciplined savings approach: periodic investment.

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.

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.

When you enroll in this program, your contribution will be topped up with: 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, or 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 dispenses 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.
² The prime rate is the annual variable interest rate posted by the Bank from time to time as a benchmark for setting the interest rate on demand loans in Canadian dollars that the Bank grants in Canada.
³ The APR, or annual percentage rate, represents the amount of interest and fees charged by the Bank, expressed as an annual rate. Calculations are based on a $20,000 loan with a residual amortization of 180 months, a rate of 3.75% in effect on January 30, 2009, and no monthly administration fees. The APR is calculated assuming a constant interest rate throughout the term.
⁴ Maximum period of 18 months; minimum single payment of $1,000.
⁵ The rate reduction and free enrollment in one of our flat rate banking packages are valid for a period of six months from the date the offer is made.
⁶ Monthly account statement. The line of credit bears interest from the moment it is used. The minimum monthly payment is limited to monthly interest. Examples of interest charges calculated on a 30-day period based on the rate applicable on January 30, 2009 are shown below.

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.
⁸ Clients who already hold a National Bank Platinum MasterCard are not eligible for this offer. A statement of account is sent monthly. No interest is charged on purchases made during the month if the full amount is settled within 21 days following the account statement date. This grace period does not apply to cash advances or balance transfers. The minimum payment to be made to the Bank every period shall be equal to 3% of the unpaid balance indicated in the monthly statement or a minimum of $10, whichever amount is higher (or the amount of the new balance if it is lower than $10). Examples of interest charges for a 30-day period based on the applicable rate on July 21, 2006 are shown below.

⁹ Certain conditions apply, particularly with respect to eligibility for loan insurance.
¹⁰ After this period, the insurance premium will be included in your payments.
¹¹ Certain conditions apply. For more information, refer to Guide RC4092 Registered Education Savings Plan published by Canada Revenue Agency.