British Columbia announces new education savings grant

Holders of a Registered Education Savings Plan (RESP) for children under the age of 7 will be able to apply and receive a scheduled lump sum of 1200 $, deposited directly into this account.

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TORONTO, March 8, 2013 / CNW / - The Company Heritage Education Fund is pleased to announce that the BC provincial government is offering a new Education and Training Savings Grant to help more families save for their children's post-secondary education.

In essence, the BC Education and Training Savings Grant would only be available to Registered Education Savings Plan (RESP) holders and would be a lump sum of $ 1,200. No matching contribution or additional is required to receive the grant. In addition, only RESP beneficiaries who are under the age of six and who are residents of British Columbia will be eligible for this grant. The only conditions to be fulfilled are toopen an RESP account and submit the grant application before the designated child's seventh birthday.

In its official announcement of the proposal on February 19, 2013, the Government of British Columbia stated that “starting this year, families whose children are eligible and who open or already have an RESP will receive from the Government of Colombia -British a letter confirming the deposit of 1,200 $ in their RESP, once the administrative structure of this new program is in place ”. The government also explained that it has partnered with the federal government to establish a banking and information processing system to ensure that these grants will only be used to fund post-secondary education.

The Government of British Columbia recognizes the importance on the one hand of pursuing higher education and on the other hand of establishing a partnership with parents allowing them to start saving early in order to provide their children with benefits. promising future prospects. The government has also stressed the importance of encouraging young people to undertake post-secondary studies, since most of the jobs to be filled today require education and / or training certified by diplomas.

Full implementation of the program is expected to be completed within the next eighteen months. Heritage encourages residents of British Columbia to open an RESP account without delay by calling the toll-free number 1.800.739.2101 or by finding the Heritage representative in their region, from their  online research tool.

About Heritage Education Funds Inc.

Heritage Education Funds Inc. is one of the largest providers of fixed income Registered Education Savings Plans (RESPs) in Canada and the distributor of the Heritage and Impression Plans. The primary goal of Héritage is to encourage parents, grandparents and other interested adults to save for a child's post-secondary education through a planned education savings program.

This document and the information it contains are provided for informational purposes only and should not be construed as a solicitation of an offer to buy or sell securities or other financial instruments in Canada or in any other other jurisdiction. No investment decision in, or investment in, securities of, or investment in, securities of Heritage Education Funds Inc. or its affiliates should be made in light of this. document.

Heritage Education Funds Inc. makes no representations or warranties, express or implied, and assumes no responsibility for the accuracy, completeness, reliability or comparability. information contained herein and relating to third parties, which information is based solely on publicly available information. This document includes forward-looking statements. These statements represent the judgments and expectations of Heritage with respect to the matters described, but a number of risks, uncertainties and other important factors could cause actual facts and results to differ materially from the expectations of Heritage.

Heritage Education Funds Inc. expressly prohibits the redistribution or reproduction in whole or in part of this material without its prior written permission, and Heritage Education Funds Inc. will not be liable in any way for the actions of third parties to this material. respect.

© 2013 Heritage Education Funds Inc. Heritage Education Funds is the trade name of Heritage Education Funds Inc. Heritage Education Funds RESPs are offered by prospectus only.

SOURCE: Heritage Education Funds Inc.

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