Get Ready with Get Ready with RESPRESP

Getting your child educated involves lot of efforts. Especially when the cost of higher education is so high, parents have to prepare in advance to meet the costs. If you are not well prepared, it will cause hindrance in your child’s higher education.

The government of Canada has approved a savings plan called the Registered Education Savings Plan which helps the parents to prepare for the future expenditure.

This plan is not only approved by the government but the returns on the investment are exempted from tax in the hands of the parents.

Since 1965, the Heritage Education Funds have been offering RESPs to parents and helping them to save for the future of their children. The money is collected from all the subscribers and invested smartly in low-risk and high return opportunities.

It is very easy to open a Heritage RESP. You will need to provide some documents and the Social Insurance Number of your child. When you are associated with this plan, your children can also get financial aid from the other government approved education plans. You can choose to invest as you like in this plan. It can be every month or once a year or even once every five or ten years. Your funds are totally safe and you get good amount of money at the maturity of the plan, when the child turns 18 years old.

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