Heritage Education Funds

One of the benefits of having an RESP is that you may be eligible for the government grants offered in your province. • The Canada Education Savings Grant (CESG) of the lesser of 20% of sums contributed or $500 per year •The supplemental Quebec Education Savings Incentive of the lesser of 10% of sums contributed or $250 per year mean that any contribution up to the...
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The cost of education is increasing as years go by, here are 10 things to keep in mind when planning for your child’s education: 1. Start Saving now: It would be best to start saving for your child’s education as soon as possible, when the baby is born, or before the child turns one is the best time to start. Do you know the cost of education? Calculate now! ...
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TA Toronto trustee is requesting that all Toronto Catholic District Schools sing “O Canada” in a capella every morning rather than the usual CD that plays over the PA. They find that students are listening to the National Anthem as it plays rather than singing along with it and this shows some concerns. Angela Kennedy, Trustee of the Toronto Catholic District...
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In November 2011 Ipsos Reid had conducted a poll that surveyed 1,002 Canadian parents between the age of 18 and 55 to show how familiar Canadian parents are with Registered Education Savings Plans (RESP), Canada Education Savings Grant (CESG) and Canada Learning Bond (CLB). As stated in the article, “Parents were given a series of statements about how these programs work -...
Read More About 55 percent of Canadian parents require Government support to assist with post-secondary education »

When it comes to maturity of your child’s RESP Plan, the following are key things that you need to know about of getting your RESP funds: 1. Proof of registration : When your child’s plan comes to maturity, you will need to provide proof of registration in order to show that your child turns 18 years of age and is expected to begin their post-secondary studies. 2....
Read More About Things that you need to know when you are ready to use your RESP funds »