Heritage Education Funds

RESP GUIDEREGISTERED EDUCATION SAvINGS PlAN

saVe toWarDs your child’s post-secondary

eDUcationand find out how the

GoVernment can Help YoU

PAY FOR IT

2 ABOUT HERITAGE | RESP GUIDE

wHO wE ARE

why choose Heritage as a Registered Education Savings Plan provider?

almost

50Yearsof experience

1 These payouts consist of subscribers’ contributions (less applicable fees), refunds of sales charges, educational assistance payments (“EAPs”) (consisting of the beneficiary’s share of pooled income or self-determined income, government grants and income on government grants) and top ups of the EAPs.

Heritage Education Funds is a Canadian company and is one of the

leading distributors of group Registered Education Saving Plans (“RESPs”)

with almost 50 years in RESP experience. Our large network of RESP

Representatives has been helping families save for their children’s post-

secondary education since 1965.

Heritage Educational Foundation (the “Foundation”) is a not-for-profit

Canadian corporation governed by its board of directors. The Foundation

has $2.41 billion in assets under management as at June 30, 2014.$2.41 Billion

in assets

Our subscribers include parents, grandparents, family members and

family friends across Canada. Together we have empowered almost

440,000 children with post-secondary education.440,000

Beneficiaries

As of June 30, 2014, the Foundation has paid out over $1.13 billion to

subscribers and beneficiaries since inception. $1.13 Billionin paYoUts1

Your net contributions and government grants are invested in stable

lower risk investments that earn a competitive return. RESP income

has more earning potential through investments in a mix of Canadian

equities, US and Canadian Exchange Traded Funds (“ETFs”) and

corporate bonds.

lOwER RISkinVestments

3RESP GUIDE | wHO wE HElPED AND wHO wE wORk wITH

INvESTmENT FUND mANAGER AND

SCHOlARSHIP PlAN DEAlER

Heritage Education Funds Inc.

FOUNDATION AND REGISTRAR

Heritage Educational Foundation

TRUSTEE AND CUSTODIAN RBC Investor Services Trust

DEPOSITORYScotiabank

AUDITORkPmG llP

(Chartered Professional Accountants)

INSURANCE PROvIDER Sun life Assurance

Company of Canada

ExTERNAl lEGAl COUNSEl

mcmillan llP

wHO wE wORk wITH

wHO wE HElPED

Our beneficiaries told us how much having a Heritage RESP impacted their lives:

“when I was about one year old, my parents decided to invest the money they received from their family

allowance into an RESP. I was not aware at that early age of the efforts my parents had to make to put money

aside for my future, despite their modest income. Thanks to all their efforts, I will graduate this spring and I will

be able to sleep without a care because I will have no student loan debt. Thank you mom and Dad.”

Valerie Michaud, rivière-du-loup, PQ

“my parents thought well ahead in planning to pay for my post-secondary education. I am going to make my

parents proud by making effective use of their money and having a great career (my goal is to become a

pharmacist). I am very lucky to be a Heritage beneficiary.”

Shraddha Patel, Brampton, ON

“Growing up in a low-income family, I was raised to understand the value of money and work towards my own

goals. Because of my Heritage RESP, I am halfway towards earning my degree to become a registered nurse.

I cannot thank my parents enough for thinking about my education early in my life.”

claire hOrtON, Fort langley, Bc

“Thanks to Heritage and my grandparents, I am able to pursue my professional dreams and volunteer my time to

help great causes. I am pursuing medicine through a Bachelor of Science major in Biology and I couldn’t have

done it without my RESP!”

JeSSica SchNerch, Winnipeg, MB

“A Heritage RESP has given me the opportunity to pursue a post-secondary education without the constant

worry of student loans. I am proud to say that I am about to accomplish one of many dreams (a B.A. in Sociology)

but not without a thank you to my parents and Heritage.”

ciNdy yONg, calgary, aB

PORTFOlIO ADvISERS Scotia Institutional Asset management, CIBC wood Gundy,

UBS Investment management Canada Inc. and Yorkville Asset management Inc.

4 THE COST | RESP GUIDE

HOw mUCH wIll IT COST?

It is estimated that the full cost of a 4-year undergraduate degree from a Canadian university in 2033 could be over $122,000.1

The University of Toronto provides an

example of the cost of a 4-year program

that ended in 2013/2014. for that period

of time this amount was $32,656 and it

covered basic tuition fees and compulsory

incidental fees.3 There may be additional

costs of living depending on whether you

choose to live at home or away from home,

your transportation costs and whether you

choose to purchase a meal plan or buy and

prepare your own food.

1 These amounts are calculated using the average annual increase of 4.38% in the total cost of tuition and compulsory and/or incidental fees for 4 years of undergraduate studies between 1990-1991 and 2016-2017. Source: Canadian Centre for Policy Alternatives, Statistics Canada, September 2013.

2 The total costs of living expenses and accommodation for the 2013/2014 academic year was approximately $10,000. The average annual increase has been calculated using the average rate of inflation for Canada over the last 25 years of 2.07% and the total of 4 years of living expenses and accommodation has been added to the total cost of 4 years of undergraduate studies. Source: The Globe and mail, may 2014; www.inflation.eu.

3 Source: University of Toronto website www.utoronto.ca

$32,656

2013/2014

Year of Birth

Year of School Entrance

4-Year Program without residence1

4-Year Programwith residence2

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

2033

2032

2031

2030

2029

2028

2027

2026

2025

2024

2023

2022

2021

2020

2019

2018

2017

$60,591

$58,048

$55,610

$53,275

$51,038

$48,895

$46,842

$44,875

$42,991

$41,186

$39,456

$37,800

$36,212

$34,692

$33,235

$31,840

$30,503

$122,748

$118,943

$115,271

$111,726

$108,303

$104,999

$101,808

$98,726

$95,750

$92,875

$90,097

$87,413

$84,820

$82,314

$79,891

$77,550

$75,286

Today’s average cost of a 4-Yearprogram beginning in 2014/20151 $26,819 $68,932

5RESP GUIDE | THE COST

YOU AlREADY kNOw

wHAT YOUR OPTIONS ARE

start saving with an resp

withdraw funds from their

personal savings, retirement

funds or investments

mortgage their home

Borrow the money

let their child earn the money or depend

on student loans

Pay-as-you-go

1 The student loan repayment schedule is based on a 14.5 year timeline where the graduate takes advantage of the 6-month grace period. Interest has been calculated using prime (3%) + 5%. Source: CanLearn Loan Repayment Estimator as of June 6, 2014.2 This amount is calculated as $60 per month for 18 years and excludes fees. 3 Certain conditions apply. See prospectus for full details.4 Income is calculated as a hypothetical rate of 5.5% growth (net of fees) as interest rates vary for different investment products and over time.5 This example illustrates how much you may need to contribute to an RESP for a newborn child, invested over an 18 year period, to achieve a hypothetical end result of approximately $26,800 required for post-secondary education. This amount includes RESP contributions, the Canada Education Savings Grant (CESG) and income earned thereon. The lifetime maximum for the CESG is $7,200 per child. Certain conditions apply. See prospectus for full details.6 Sources: CBC news, march 2014; The Globe and mail, may 2013; Canadian Centre for Policy Alternatives, September 2013.

• A 4-year post-secondary program starting in 2014 requires $26,800.

• A student loan of $26,800 will result in the total repayment amount of $47,2001.

• As demonstrated in this hypothetical illustration, contributing $60/month for 18 years for a newborn

child could result in $12,9602 in RESP savings. Together with government grants3 and RESP income4,

these savings could amount to $26,8005 required for post-secondary education which could help

that child graduate with little to no student debt.

wIll YOUR CHIlD DEPEND ON STUDENT lOANS?THIS HYPOTHETICAl IllUSTRATION DEmONSTRATES THE kEY BENEFIT OF INvESTING wITH AN RESP vS. OBTAINING A STUDENT lOAN

cost of post-secondary

program

$26,800

student loan

$26,8001

$20,400 interest

resp contribution of $60/month

for a newborn

child for 18 years covers

$26,8005

Total student

loan repayment1

$47,200

BY CONTRIBUTING TO AN RESP YOU mAY HElP YOUR CHIlD AvOID THE NEED TO APPlY FOR STUDENT lOANS.

knowing what your best options are and being prepared are the key elements of successful financial planning.

According to research done by the Canadian Federation of Students and the Canadian Centre for Policy Alternatives:

• The average Canadian student debt load is approximately $27,0006

• It will take a graduate on average 10 years to pay off student loans6

• In 2013-2014 alone, more than 400,000 students borrowed money6

• 60% of students graduate with some form of debt6

DID YOU kNOw...

HOw wIll YOU PAY FOR IT?

To fund a child’s education, families may have to:

$$

6 THE SOlUTION | RESP GUIDE

what is an RESP and why Invest in One?

OUR SOlUTION: A REGISTERED EDUCATION SAvINGS PlAN (RESP) wITH HERITAGE EDUCATION FUNDS INC.

EDUCATION SAvINGSvEHIClE

RESPs are education savings vehicles registered by the Federal Government (through the Canada Revenue Agency)

• Contributors are known as the “subscribers”• Children are known as the “beneficiaries”

GOvERNmENT GRANTS • The Canada Education Savings Grant (“CESG”)1 of up to the lifetime maximum of $7,200 per child.

• The Canada learning Bond (“ClB”)1 of up to the lifetime maximum of $2,000 per child for qualifying families.

• Provincial government grant programs are available to qualifying families depending on the family net income and residency.

lOwER RISk INvESTmENTS Subscribers’ contributions and government grants are conservatively invested in lower risk fixed-income securities such as bonds and GICs that earn a stable and competitive return.

mORE EARNING POTENTIAl Income earned in the plans is pooled and may be invested in a diversified portfolio of Canadian equities, US and Canadian Exchange Traded Funds (“ETFs”) and corporate bonds with the investment strategy of increasing returns through diversification of products and market exposure.

TAx BENEFITS Investment earnings on contributions of up to $50,000 are tax-sheltered until withdrawn by the student (beneficiary) and taxed at the student’s tax bracket.

1 Certain conditions apply. See prospectus for full details.

7RESP GUIDE | THE SOlUTION

1 Certain conditions apply. See prospectus for full details.2 CEGEP means Collège d’enseignement général et professionnel.3 Association of Universities and Colleges of Canada (AUCC), September 2012.4 Association of Universities and Colleges of Canada (AUCC), based on Statistics Canada Labour force Survey, 2013.

ElIGIBlE SCHOOlS The student can study full-time or part-time in Canada or abroad. Eligible institutions include all universities, community colleges, CEGEP2, private vocation schools, distance education and correspondence courses1.

IF YOUR CHIlD DOES NOT PURSUE POST-SECONDARY EDUCATION

If your child does not pursue post-secondary education, you can withdraw your net contributions after your maturity Date. You may also be allowed to withdraw and transfer the accumulated income of up to $50,000 of earnings per subscriber from your RESP to your Registered Retirement Savings Plan (“RRSP”) or spousal RRSP or you can transfer the RESP to another sibling1. In certain cases, you can roll over your plan’s income into a Registered Disability Savings Plan (“RDSP”)1.

ANYONE CAN START SAvING

Parents, grandparents, other family members and friends can all help to save towards a child’s post-secondary education.

ENHANCING YOURCHIlD’S SUCCESS

• A university graduate will on average earn $1.3 million more in their careers compared to a high school graduate and $1 million more than a college graduate.3

• In recent years, job growth for university and college graduates remains strong! Between 2008 and 2013, the number of net new jobs grew by 800,000 for university graduates and by 355,000 for college graduates. During the same time period, a total of 520,000 jobs were lost for those without post-secondary education.4

what is an RESP and why Invest in One?

8 kEY RESP BENEFITS | RESP GUIDE

Today many parents utilize government grants to help save towards their children’s future education.

wHAT IS THE CANADA EDUCATION SAvINGS GRANT1?

• Basic CESG: the Federal Government tops up your

annual RESP contribution by 20%, up to $500 a year,

per eligible child.

• Additional CESG: qualifying families may receive

up to 40% on the first $500 of annual RESP

contributions.

• Both basic and additional CESG have a combined

total lifetime maximum of $7,200 per eligible child.

GOvERNmENT PROGRAmS

1 Certain conditions apply. See prospectus for full details.

2 Employment and Social Development Canada (formerly known as human Resources and Skills Development Canada) Annual Statistical Review 2013.

wHAT IS THE CANADA lEARNING BOND1?

• For modest income qualifying families who open an

RESP, a $500 ClB from the Federal Government is

available to help save for a child’s post-secondary

education and will be deposited into the child’s RESP.

• Annual ClB installments of $100 are also available in

each subsequent year provided the family still qualifies.

• Total available ClB amount is up to $2,000 per child

for a qualifying family.

• No contributions required to receive ClB.

DID YOU kNOw...

• ...only 47.1% of Canadian families with children under the age of 18 receive the CESG and

29.4% of eligible families receive the ClB.2

• Since inception in 1998, CESG payments to RESP providers reached $8.02 billion with

$782 million paid in 2013 alone.2

• Since 1998, assets in Canadian RESPs have grown about $2.4 billion per year on average. As

of 2013, the total value of assets held in RESPs across Canada is approximately $40.5 billion.2

9RESP GUIDE | kEY RESP BENEFITS

THE BENEFIT OF TAx SHElTERING AND GOvERNmENT GRANTS

You could gain over

$23,000 more!

The EARlIER your child is enrolled in an RESP,

the lONGER your savings have time to grow.

Start SAvING today and benefit from the

POwER OF COmPOUND GROwTH.

THE BENEFIT OF STARTING EARlY

$68,184

Total value Of

Investment In 18 Years

Total value Of

Investment In 18 Years

NON-RESP INVESTMENT PRODUCT

(NOT Tax-Sheltered)5.50% Growth

RESP INVESTMENT PRODUCT

(Tax-Sheltered)5.50% Growth

The total value of investment may

increase for those who qualify for

ClB and/or provincial grants.

1 Both of these hypothetical illustrations are based on annual non-insured contributions of $2,500 and exclude fees. The income that would be earned is assumed to be a hypothetical rate of 5.50% gross per annum, compounded monthly, over 18 years. for the non-RESP investment product, an annual individual income of $65,000 is assumed and an ontario-based tax rate of 24% has been applied to the income earnings. Individual circumstances and actual results may vary.

2 This assumes the basic CESG which is equal to 20% of the total annual contributions to a maximum of $500 per eligible child, per calendar year. Certain conditions apply. See prospectus for full details.

Your total personal contributions over 18 years in an RESP investment product

Compound income earnings on your investment in an RESP investment product

maximum CESG of $7,2002

Compound income earnings on CESG

Your total personal contributions over 18 years in a non-RESP investment product

Compound income earnings on your investment in a non-RESP investment product

RESP contributions

Income earned on RESP contributions

CESG

Income earned on CESG

$100,000

$90,000

$80,000

$70,000

$60,000

$50,000

$40,000

$30,000

$20,000

$10,000

$0

Newborn 2 4 6 8 10

AGE AT wHICH CONTRIBUTIONS BEGIN

$23,184

$45,000

$91,265

$6,309

$7,200

$32,756

$45,000

This is a hypothetical illustration to demonstrate the advantages of tax sheltering and the Canada Education Savings Grant,

which are the key benefits of investing in an RESP investment product vs. in a non-RESP investment product1.

START EARLY.SAVE OFTEN.STAY INVESTED.

1

10 HERITAGE PORTFOlIO | RESP GUIDE

Heritage offers a smart approach to investing to give you

peace of mind:

• As required by the Canadian securities commissions, your contributions

and government grants are 100% invested in various lower risk

investments that earn a competitive and consistent return:

» Government Bonds (federal, provincial and municipal)

» Guaranteed Investment Certificates (“GICs”) and similar debt obligations of a chartered bank

» T-Bills

• You get the advantage of the earning potential of equities. In an effort to

increase returns over the lifetime of your plan, pooled income earned may

be invested in a mix of:

» Canadian equities

» US and Canadian ETFs

» Investment-grade corporate bonds

HOw IS mY mONEY INvESTED?

11RESP GUIDE | PERFORmANCE mATTERS

Heritage Plans, Asset weighting for the period ending June 30, 20141

22.3%52.6%

17.5%

2.7%

2.2%2.7%

Sector Allocations % of market value

Federal Bonds 52.6%

Provincial Bonds 22.3%

Principal Protected Notes 17.5%

Bank Deposits/GICs 2.7%

Corporate Bonds 2.7%

Short-Term Investments 2.2%

ASSET wEIGHTINGS

THE vAlUE OF lONG-TERm SAvINGS

Beneficiaries of the Heritage Plans received a 5.93%2 effective rate of return.

1 Source: heritage Educational foundation.

2 The effective rate of return calculated as the sum of all EAPs for the 2010 beneficiary group of the heritage Plans (ie. for the 2010 maturity year, EAPs paid in 2011, 2012 and 2013), assuming all are paid to the qualified student, the sales charge refund where applicable and the maturity refund divided by the total contribution for a one unit plan for a child under the age of one. Past performance is not indicative of future results.

5.93% Effective rate of return over the total life of the plan.

The 1, 3, 5 and 10-year annual compound returns as at June 30, 2014

are 6.54%, 4.81%, 5.07% and 5.38%, respectively.1

2

12 THE HERITAGE PlANS | RESP GUIDE

HOw DOES THE HERITAGE PlAN wORk?

self-DetermineD option1,2

TYPICAllY BENEFICIAl FOR STUDENTS PURSUING PROGRAmS OF STUDY OF lESS THAN 2 YEARS

minimum requirement to receive an EAP1 is:

In Canada: a minimum 3 week program of study in different educational institutions

Outside of Canada: a minimum 3 week program of study at a university or a minimum 13 week program of study at all other foreign educational institutions

scHolarsHip option1

Years

PROvIDES 3 PAYmENT OPTIONS AND IS TYPICAllY BENEFICIAl FOR STUDENTS PURSUING PROGRAmS OF STUDY OF 2, 3 OR 4 YEARS

minimum requirement to receive an EAP in each of the school years1:

In Canada: a minimum 3 week program of study in different educational institutions

Outside of Canada: a minimum 3 week program of study at a university or a minimum 13 week program of study at all other foreign educational institutions

Acceptance of enrollment

Eligibility for CESG

Contribution period

MATURITY

Pay-out option selection to be madewithin 180 days up to maturity date

(maturity may be delayed or advanced by up to 2 years)2

35 YEARS OF

RESP LIFETIME0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

1 To qualify for an EAP, a student must enroll (a) in Canada, in a program of at least 3 consecutive weeks studying no less than 10 hours per week for a full-time program or no less than 12 hours per month for a part-time program; (b) outside of Canada, in a full-time program of 3 consecutive weeks if studying at a university or a program of 13 consecutive weeks if studying at an institution other than a university or a part-time program of at least 13 consecutive weeks with at least 12 hours of study per month.

2 Certain conditions apply. See prospectus for full details.

13RESP GUIDE | THE HERITAGE PlAN RESP

SCHOlARSHIP OPTION4

Used to fund the 2nd year of post-secondary education and beyond. Paid to the student, subject to tax.

SCHOlARSHIP OPTION 36

ThREE PAymEnTS of:

EAP (each consisting of

1/3 gov. grants and 1/3 of income)

• EAPs are taxed at the student’s marginal rate which typically results in little or no tax.

• Each EAP consists of a portion of government grants, income earned on contributions (less fees) and government grants and a non-discretionary payment to enhance an EAP7.

• If your beneficiary does not pursue post-secondary studies, you can:

» Request a refund of contributions less fees at maturity of your plan

» withdraw income as an accumulated income payment (“AIP”) as a taxable income or transfer it to your RRSP or your spousal RRSP5

» Request a rollover of income into an RDSP and receive a refund of sales charges paid to date6.

PAY-OUT OPTIONS

You select the pay-out

option that meets your

requirements.

SElF-DETERmINED OPTION3,4,5

All of your earned income and government grants (if applicable) paid to the student, subject to tax.

YourcontriBUtions

(less fees)1

and up to 25%, 50% or 100%

of sales cHarGes2,3 are returned to you

at the maturity of your plan based on

the scholarship option selected.

These funds can be used to fund the 1st year of post-

secondary education.

1 Please see prospectus for a full list and details of all fees associated with the heritage Plans.

2 The amount of the sales charges returned to subscribers at maturity under each of the scholarship options 1, 2 or 3 will depend on the amount of funds available in the sales charges refund account.

3 Sales charges are not returned under the self-determined option.

4 To qualify for an EAP, a student must enroll (a) in Canada, in a program of at least 3 consecutive weeks studying no less than 10 hours per week for a full-time program or no less than 12 hours per month for a part-time program; (b) outside of Canada, in a full-time program of 3 consecutive weeks if studying at a university or a program of 13 consecutive weeks if studying at an institution other than a university or a part-time program of at least 13 consecutive weeks with at least 12 hours of study per month.

5 Accumulated income may be withdrawn as taxable income by the subscriber less an additional federal tax of 20% (12% federal and 8% provincial for residents of Quebec) or transferred to their RRSP or Spousal RRSP, up to a limit of $50,000 per subscriber (subject to RRSP contribution room).

6 Certain conditions apply. See prospectus for full details.

7 This is a payment (non-discretionary) made to beneficiaries within a maturing beneficiary group, which represents: i) the amount remaining from plans that terminated and/or transferred out prior to their maturity date, less applicable refunds of sales charges (pre-maturity attrition) and/or ii) any EAPs that were not paid to beneficiaries due to ineligibility (post-maturity attrition). Please see prospectus for full details on pre- and post-maturity attrition.

SCHOlARSHIP OPTION 26

Two PAymEnTS of:

EAP (each consisting of

1/2 gov. grants and 1/2 of income)

SCHOlARSHIP OPTION 16

onE PAymEnT of:

EAP (consisting of gov. grants and income)

14 kEEP IN TOUCH | RESP GUIDE

An RESP can be a long term commitment and, as in any relationship, it is important to communicate and keep each other informed.

Heritage provides you with various documents by mail or electronically to keep you well informed about your plan:

ImPORTANCE OF TwO wAY COmmUNICATION

If you’re looking for more ways to conserve the environment and save yourself time and money, receiving and viewing your documentation online can really make a difference.

You can always access your Statement of Account and all annual publications at Heritageresp.com.

keep Heritage up to date should your personal and/or financial information change.

Stay informed and ask questions about your plan.

Stay on top of your investments by reviewing all reports, statements and materials we send to you.

A wElCOmE PACkAGE includes a trade

confirmation and is issued upon enrollment.

The Heritage Educational Foundation ANNUAl

REPORT is available upon request by march 30th.

Your ANNUAl STATEmENT OF ACCOUNT is provided

by the end of march. It covers the following key areas:

• Annual and lifetime activity of the plan

• Plan review and illustration of benefits

• Requesting delivery of plan documentation

mANAGEmENT REPORT OF FUND PERFORmANCE AND AUDITED

FINANCIAl STATEmENTS are available upon request by march 30th.

INTERIm FINANCIAl STATEmENTS are

available upon request by August 31st .

TAkE action AND STAY informeD ABOUT YOUR inVestment!

GO BEYOND RECYClING TO Keep oUr planet Green.

15RESP GUIDE | NATIONwIDE PROGRAmS

HeritaGe financial GroUp limiteD

Yorkville Asset

management Inc.

Heritage lending

Group ltd.1

• Heritage Education Funds Inc. provides RESP solutions to those wishing to save for a child’s future post-secondary education.

• Yorkville Asset management Inc. provides investment solutions to high net-worth private client investors.

• Heritage lending Group ltd. provides various mortgage solutions such as first or second residential mortgages and Home Equity line of Credit (“HElOC”).

1 VERICo heritage Lending Group, Independently owned and operated, fSCo #12193.

lET US kNOw HOw ElSE wE CAN HElP YOU

HERITAGE SUBSCRIBERS AND BENEFICIARIES

Our affiliated companies deliver great value to

Heritage subscribers and beneficiaries through nationwide referral programs.

HER

ITA

GE E

DUCATIONAL FO

UN

DA

TIO

N

Heritage EducationFunds Inc.

PORTFOlIO mANAGEmENT

SERvICES

mORTGAGE FINANCING SOlUTIONS

REGISTERED EDUCATION SAvINGS PlANS

The Heritage Plans and the Impression Plan

foR moRE InfoRmATIon ConTACT:

heritage Education funds Inc.

2005 Sheppard Ave. E., Suite 700,Toronto, on m2J 5B4. Phone: 416.502.2500. Toll-free: 1.800.739.2101. fax: 416.502.2555. Email: CustomerCare@heritageRESP.com.

heritage Plans and Impression Plan are scholarship plans issued under the sponsorship of the heritage Educational foundation. Units of the heritage Plans are offered by prospectus only, a copy of which can be obtained from the registered dealer heritage Education funds Inc. at heritageRESP.com. These securities may not be appropriate for all investors and are subject to certain risk factors. See the prospectus for details.

heritage Education funds (heritage) is the trade name of heritage Education funds Inc.

* no Purchase necessary. Contest closes on December 31st, 2014, with one winner selected quarterly. open to age of majority residents of Canada. Skill-testing question required. odds of winning depend on the number of eligible entries received. To enter or for full contest rules, visit: heritageRESP.com/Join-The-Convo-Contest-Rules.

© 2014, heritage Education funds Inc. 1026A-hST-EnG/09.14

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