Category Archives: Education

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Heritage Education Funds

There is a quote “knowledge is power”. Education has a very important role to play in one’s life. It broadens our horizon and gives a better and wider perspective of the world. It is the basis of civilized and structured society. These days the tuition fee is increasing every year at a rapid pace or we could say exponentially. It is difficult for a middle class man whose monthly income is average to afford his children’s education expenditure plus the mortgage and much other expenditure.

It is better to start saving from the beginning. This is where the heritage education funds help you out in saving some money. We aim to serve you to the best of our capability. We see the brighter future which education will bring. This is why we have given such importance to education. It has been over 50 years since we established this frim and helped so many students in their higher education period. We provide counselling and guide them at every step. One of the major plans is Registered Education savings plan. This helps you save the right amount with some added benefits.

With our help you will have a clear vision and in depth knowledge of the various aspects of RESP and how to handle them. Our experts will help you in every step of the procedure to sign up to this program. They also have an updated database which will help to access the information most useful to you. Preparation and gathering data are essential for any saving plans, RESP is no different. You can get all the information on our website and you can consult us at any time. We believe in helping the people and look forward to a brighter tomorrow. By choosing our firm you will always be prepared for the coming college expenditures.

Business Profile

Heritage Education Funds
2005 Sheppard Ave. East, Suite 700
Toronto, Ontario
M2J 5B4
Telephone +(403) 607-6166
Website: www.heritageeducationfunds.com

Location in Toronto

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Heritage Education Funds Profile

We specialize solely and exclusively on RESPs – and with branches across Canada, you can be in touch with an RESP representative today. Our RESP representatives provide exemplary customer service and speak a multitude of languages – get in touch with one of our representatives today and start securing your child’s funds for post-secondary education now.

Business Profile

Heritage Education Funds
Phone: 1-800-739-2101
2005 Sheppard Ave. East, Suite 700
Toronto, ON
M2J 5B4
Website: www.heritageeducationfunds.com

Location in Toronto

hef-high-tech

Why You Need A Registered Education Savings Plan

Education is becoming more and more expensive in Canada. Many parents worry about how they will be able to afford saving for their child’s education and what is the best way to save. It is important to begin saving early and to save as much as you can. A Registered Education Savings Plan is the perfect way of ensuring that your child will have what they need when they finish high school.

There are a many reasons that a Registered Education Savings Plan is the right choice for education savings. Here are the three major reasons to open one of these plans.

Government Contributions
Opening a Registered Education Savings Plan, or RESP, is the first step to applying for financial aid from the Government of Canada that is designed to encourage parents to begin saving early for their child’s education. The Canadian Education Savings Grant may give up to $7,200 for your child’s education, while the Canada Learning Bond will give up to $2,000. In addition, many provinces also have grants and other programs. These together can put a sizable amount toward your child’s future and get your savings to a great start.

It’s Tax-Sheltered
Because Canadians who contribute to a RESP can do so with tax-deferred income, even more money can be put into a child’s account. In addition, contributing to an RESP may have positive overall tax benefits. These plans are designed to make it easy and beneficial to save by offering tax benefits to Canadian families on a budget.

Savings Earmarked for Education
Many people are tempted to remove money from long term savings accounts. RESPs remove this temptation by only allowing money to be removed for educational expenses after high school. They cover a wide variety of expenses such as tuition and books, but they cannot be used to pay for home repairs or a vacation as other types of savings account may be. This encourages parents to save consistently without removing funds for non-necessities.

Every parent should open a Registered Education Savings Plan for their child’s future. Education is essential to modern life and likely to be even more so in the future. An RESP will allow you to plan for your child to have the best possible chance at a happy, successful life. Begin saving now to ensure the child you love has the money they need when they are ready to continue their education.