Make the Most of Government Grants and Tax Free Savings with a Canadian RESP

With Heritage RESPs, you are entitled to special tax free savings. The money you earn inside your RESP is tax-sheltered. When you take out money the income earned in an RESP is taxed, the benefit is that it is only taxed in the hands of your child who most commonly pays little to no income tax.. The government grants available to parents who contribute to Canadian RESPs includes up to $7,200 from the Canada Education Savings Grant, up to $2,000 from the Canada Learning Bond, an extra $800 for residents of Alberta from the Alberta Centennial Education Savings Plan and up to $3,600 for residents of Quebec from the Quebec Education Savings Incentive.

 

Canadian RESPs offer high security, convenience and flexibility

When you invest in a Canadian RESP, your money is invested in lower risk securities, earning a competitive and consistent return each and every year. Select a contribution schedule that's right for you and your savings will be there when you need it. Simply adjust your contribution amount and schedule at any time. With branch offices located across Canada, a Heritage RESP Representative is just around the corner from you. Find a local Heritage RESP Representative here for Canadian RESP expertise, government grant knowledge and tax free savings specialties.
*Certain Conditions apply

Heritage Education Funds is the trade name of Heritage Education Funds Inc.

Heritage Education Funds RESPs are offered by Prospectus only.

 

Understand the Options When Choosing an Education Funding Plan for You

Contribute any amount to your RESP up to a lifetime limit of $50,000 and take advantage of tax benefits designed to maximize growth and minimize tax. Depending on the amount of time before your child begins post-secondary education, you can build an education savings plan for your child.*

Easy and Efficient RESP Contribution Plans

Find a contribution plan that is right for you. You can contribute small amounts more often which compound and add up over time. Set up pre-authorized payments for added simplicity. Or make your RESP contributions annually so that they fall around other major expenses such as insurance and property taxes. Even better, schedule your annual payment to coincide with your tax refund. Your contribution options include:

• Monthly Contributions
• Annual Contributions
• Single Lump-Sum Contribution: One-time payment
• Five-Year Annual Contribution: Yearly contributions for 5 years
• Five-Year Monthly Contribution: Monthly contributions for 5 years
• Ten-Year Annual Contribution: Yearly contributions for 10 years
• Ten-Year Monthly Contribution: Monthly contributions for 10 years

Your plan reaches maturity on July 31st of the year your child turns 18 years of age. Find a local Heritage RESP Representative here for education funding plans and advice on RESP benefits.

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Enjoy a Higher Return from your Heritage RESP

With the dependable, lower risk investments of Heritage RESPs, our subscribers have enjoyed a strong return. With your money invested in various lower risk investments that earn a competitive and consistent return, you can count on your money being there when your child needs it.

The Heritage RESP Plan is a Lower risk Investment

Your investment principal will be there when you need it as we invest your contributions into lower risk investments like provincial bonds, federal bonds, principal protected notes and GICs.

Find a local Heritage RESP Representative here

for advice on lower risk investments and high return RESPs.