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Establishing your Children’s Higher Education

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A legitimate Registered Educational Savings Plan provider should be opted for when choosing one, such as the likes of Heritage Education Funds Inc. – PowerPoint PPT presentation

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Title: Establishing your Children’s Higher Education


1
Establishing your Childrens Higher Education
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  • 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
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