Establishing your Children’s Higher Education

1
Establishing your Childrens Higher Education
2

• The sky rocketing education expenditures in
  Canada has reached an all time high. Parents are
  getting more concerned by the possibility that
  they may not be able to afford to send their
  children for higher education. Thus, they are
  urged to take a proactive back up plan when worse
  comes to worst.

3

• The government of Canada has approved a tax
  exempted program that will benefit most of
  Canadian parents and their children, which they
  termed as the Registered Educational Savings Plan
  (RESP). This is a low risk investment plan that
  assures to finance your childrens higher
  learning in the future.

4

• Signing up to a RESP account is plain and simple.
  First, you need to provide your childs Social
  Insurance Number (SIN). Furthermore, supposing
  your child chooses not to pursue higher
  education, the funds that you have paid are still
  yours to keep.
• Other government programs such as the Canada
  Learning Bond (CLB) as well as the Universal
  Child Care Benefit (UCCB) are most likely to
  provide financial assistance to children who are
  under a RESP. Once your child fits the criteria
  for the grants, further assistance may be
  availed.

5

• A legitimate Registered Educational Savings Plan
  provider should be opted for when choosing one,
  such as the likes of Heritage Education Funds
  Inc. With the assistance of Heritage RESP, your
  child may also apply for other educational
  assistance programs that are operated by the
  Canadian government.

6
Thank You