Establishing your Childrenâ€™s Higher Education
ď ľ The
sky rocketing education expenditures in Canada has reached an all time high. Parents are getting more concerned by the possibility that they may not be able to afford to send their children for higher education. Thus, they are urged to take a proactive back up plan when worse comes to worst.
ď ľ The
government of Canada has approved a tax exempted program that will benefit most of Canadian parents and their children, which they termed as the Registered Educational Savings Plan (RESP). This is a low risk investment plan that assures to finance your childrenâ€™s higher learning in the future.
up to a RESP account is plain and simple. First, you need to provide your child’s Social Insurance Number (SIN). Furthermore, supposing your child chooses not to pursue higher education, the funds that you have paid are still yours to keep.
government programs such as the Canada Learning Bond (CLB) as well as the Universal Child Care Benefit (UCCB) are most likely to provide financial assistance to children who are under a RESP. Once your child fits the criteria for the grants, further assistance may be availed.
legitimate Registered Educational Savings Plan provider should be opted for when choosing one, such as the likes of Heritage Education Funds Inc. With the assistance of Heritage RESP, your child may also apply for other educational assistance programs that are operated by the Canadian government.
A legitimate Registered Educational Savings Plan provider should be opted for when choosing one, such as the likes of Heritage Education Fun...