Statistics have shown that kids with a college education are going to be able to get a job much more easily than someone that does not. It’s even better when they do not have to pay for this education. That’s why parents all over Canada are taking advantage of the Heritage RESP funding options that are available, with many of them choosing to work with Heritage Education Funds in Canada to coordinate and manage these accounts with them. This will also work for parents that have multiple children, allowing you to generate hundreds of thousands of dollars over the course of the next 18 years to prepare for the future.
The Canadian government is ready to assist those who take initiative and set up their RESP. Millions of Canadians pursue this solution making it easier for their child to educate themselves and become productive members of society. The benefits are clear from the word go. It starts with the savings being set aside and accumulating interest. It provides a clear path to save money for your child’s future. Education is not cheap and therefore a plan is required to set aside funds from heritage RESP.