New to Canada? Heritage wants to ensure you have all the necessary information to have a great start in your new home. There are many resources to take advantage of, along with Government Grants to help your family save for your child's education.

Useful Resources

What is an RESP?
Intro to RESPS

Newcomers to Canada Government links – What you should know

Canadian Study Permits

Having a Baby – Useful Links

Study in Canada – Resource Centre

Government Tuition Grants
Government Grants

What is a SIN number and how do I get one?

 

 

New to Canada? RESPs are a key way to save for your child's education

The cost of tuition for College or University continues to rise, making it more important than ever to start saving early, and as a newcomer to Canada you can now reap the benefits of a Registered Education Savings Plan (RESP).

An RESP is a federal program that encourages parents to save for their children's post-secondary education in a tax sheltered account. The government has additional grants for RESP holders which you may also be eligible for. These include the Canadian Learning Bond (CLB)**, and the Canadian Education Savings Grant (CESG)**, along with other provincial programs and grants that can also contribute to your RESP.

According to an article released in April 2012, by Global News, some of the average cost of a post-secondary education for a few of the provinces within Canada are:

* Based on Average BA program, 1 year of tuition fees

 

VANCOUVER – University of British Columbia = $4,700.40

EDMONTON – MacEwan University= $3,960

CALGARY – University of Calgary = $5,256.60

WINNEPEG – University of Manitoba = $2,992.20

ONTARIO – Carleton University = $6,282.90

QUEBEC – McGill University= $2,167.80

  

** Certain conditions apply