Choose a lower risk investment plan for your child's future
Each of our RESP plans offers a pooled fund. Your child's portion of the pooled fund is determined by the number and value of units you purchase. We offer two main RESP plans: The Heritage Plan that offers benefits of a Group Plan and the Impression Plan that offers the flexibility of a lower risk mutual fund-type RESP. To find the right RESP plan for you, see the links below:
The benefits of a pooled fund Registered Education Savings Plan
The Heritage Plan* is the Registered Education Savings Plan of choice by many Canadian families because of its pooled fund strategy. The Heritage Plan takes all contributions made by subscribers and pools them together along with applicable government grants. The pooled funds are then invested in various lower risk investments that earn a competitive and consistent return.
Take advantage of more investment opportunities with the Heritage Plans Registered Education Savings Plan
Pooling your money with other Registered Education Savings Plan investors will grant you access to a larger selection of investment options. A government bond with an attractive rate of return may only be available in denominations of $10,000. With a pooled fund, your contribution can participate in that investment right away.
The applicable government grants that may be available, depending upon your residency through a Heritage Plan include the Canada Education Savings Grant (CESG), the Canada Learning Bond (CLB) and provincial programs, such as the Alberta Centennial Education Savings Grant (ACES) and the Quebec Education Savings Incentive (QESI)**. Government grants, and the investment earnings on these grants, help your child's Registered Education Savings Plan grow even faster.
Contact us today to ensure your child's post-secondary education with the pooled funds of a Heritage Registered Education Savings Plan.
* The Heritage Plans are sold by Prospectus only
** Certain conditions apply. See the Prospectus for full details
The Impression Plan is a Canadian RESP that gives you flexibility and convenience
Set your own schedule by making contributions any time to your Canadian RESP when it's convenient for you. Once your child is ready for post-secondary education, you may withdraw your principal, all government grant money, and all interest you've earned and apply it to your child's university tuition.*
The Impression Plan* only invests your contributions into lower risk investments. These include Guaranteed Investment Certificates, Federal, Provincial and Municipal Bonds, Corporate Debt Securities, Term Deposits, Government Treasury Bills, Mortgage-backed Securities and Variable Rate Securities.
Start saving for your child's university and college education at any age
Unlike other Canadian RESP plans, an Impression Plan is available to children of any age. If your child doesn't pursue university or college education then your contributions will be returned to you, and any interest you earn may be transferred to your Canadian RRSP or your spousal RRSP.*
With our home office in Toronto, Ontario and branch offices located across Canada, a Heritage RESP Representative is just around the corner from you to discuss your child's university and college education plans. Find a local Heritage RESP Representative here for Canadian RESP expertise close to you.
*Certain conditions apply
** the Impression Plan is sold by Prospectus only.
If you are an employer, give your employees the benefits of a Group/Employee Option for a Registered Education Savings Plan
The Group/Employee Option for Registered Education Savings Plan is an intelligent approach to employee benefits. A Group/Employee Option for a Registered Education Savings Plan can help your employees plan for their children's post-secondary education. The Group/Employee Option provides a pooled fund which offers a wide range of lower risk investment opportunities.
Build employee long-term loyalty by providing for their children's future
With the cost of a post-secondary education going up, you can ease your employees' minds about the future of their children by providing them with a Group/Employee Registered Education Savings Plan. You can offer your employees the Group/Employee Option at no cost to you or your company.
Including the Group/Employee Option in your employees' benefits will give your company a competitive advantage in attracting and retaining quality people. You will also prove your commitment to your employees by caring for their children in the long run. The Group/Employee Option for a Registered Education Savings Plan will also convey your company's sense of community and demonstrate innovative thinking.
Contact us today to learn more about the Group/Employee Registered Education Savings Plan.
Receive competitive returns from any RESP plan you choose
No matter which plan you choose from Heritage Education Funds, you will receive a lower risk investment approach so that your money will be there when your child needs it. Each of our RESP plans entitles you to:
• The Canada Education Savings Grant (CESG)*
– up to $7,200 per eligible child
• The Canada Learning Bond (CLB)
– up to $2,000 more per child if you qualify
• The Alberta Centennial Education Savings Plan
– up to $800 for an Albertan child's RESP
• The Quebec Education Savings Incentive (QESI)
– up to $3,600 for families in Quebec
Contact us today and ensure the funds are there for your child's post-secondary education with a pooled Plan RESP, lower-risk investing with flexibility to meet your needs.
*Certain conditions apply. See prospectus for more details.