Child education funds and rising costs are a major concern for parents in every household. The current recession, job cutting and unemployment are worsening the situation for almost all family units to save after coping with monthly expenses. This creates the need for some effective plans to save as much as possible for a continuous period so as to accumulate enough money with sufficient interest and governmental grants to pave the way for the children to carry on with higher education studies after they attain the age of 18 years.

[b]Child Education Fund Investment in Canada[/b]

Investing for a child's future education with Heritage is a convenient way to save. The RESP are registered with the Canadian government and facilitated with tax exemption. This is very simple and requires the investors to obtain a Social Insurance Number (SIN). The SIN is required for governmental financial aid in Canada. Once the SIN is registered the next step is to select the RESP provider from the list available on the internet. It's a good idea to select the provider which is associated with governmental funding programs and is located at a place near to the investor’s location. It is also necessary to read the documents and policies of the selected company before investing. [b]Heritage RESP[/b] is one of the most trusted RESP providers associated with 4 important governmental education funding programs:

[b]Government Education Programs in Canada[/b]

[b]Canada Education Savings Grant (CESG):[/b] The CESG grant can be acquired upon enrollment with any RESP. There are two types of CESG: Basic (20% on RESP investment) and Additional CESG (10% to 20% of $500). The amount is paid when the child reaches the age of 17 years.

[b]Canada Learning Bond (CLB):[/b] The CLB does not require any sort of registration with any RESP. Children born on or after 1st January 2004 are eligible to apply. People enrolled with the National Child Benefit Supplement (NCBS) can also apply for this program.

[b]Alberta Centennial Education Savings (ACES):[/b] This plan is for residents of Alberta born on or after 2005 and enrolled in any RESP program.

[b]Quebec Education Savings Incentive (QESI):[/b] This plan is for the residents of Quebec and the applicant must be less than 18 years of age. The applicant must be a tax payer and have a valid SIN as well as RESP enrollment.

Parents seeking enrollment with a trusted RESP can contact the [b]Heritage Education Fund[/b] organization. This company is associated with all the above mentioned government education programs. Heritage Inc. provides higher returns with the opportunity to put money in a low risk investment program with flexible payment and withdrawal options. The Chair of the RESP Dealer Association, Peter Lewis commenting on the success of the RESP investment schemes said, “It's ideal for families who are prepared to commit to making regular contributions over time.”

[b]Consult a Financial Professional:[/b] Today there are many RESP providers in Canada. This creates extra complexity for the parents to select the most suitable option for proceeding with education savings plans. The financial professionals have years of experience of providing insightful suggestions and they are very aware of the market trends. They are very detail-oriented when it comes to the RESP providers and their achievements. They can also help in selecting the right investment plan to suit the requirement of their client based on their income and resources.

About: The Heritage Education Fund is a fifty-year old company and has reached the record payout of over $610 million. Heritage RESP has attained the record milestone of more than 375,000 valid enrollments.