Heritage Plan Maturity

For more information on how the Heritage Subscriber Vote may affect your Maturity process this year, please read our document The Heritage Subscriber Vote and your Maturing Plan.


When your student reaches the post-secondary years, it’s time to take the first step in accessing your savings from your RESP. In a Heritage Plan this process is called “maturing your plan" and is accomplished by selecting the appropriate option on your maturity application before the August 15 deadline.

With Heritage Plans, you will choose between the Self-Determined Option or Scholarship Option within 180 days of the maturity date, but no later than the maturity date. The Self-Determined Option can be a good choice if your student is pursuing a program of study that is less than 2 years. The Scholarship Option provides three payments options and is typically for students who plan to attend a two to four-year post-secondary program.


Processing Times:

Our office will continue to process applications and any applicable support documents on a daily basis beyond the July 31st maturity deadline date. Once the supporting documents are received and confirmed, your maturity payment will be issued (usually within 10 business days of your file being updated after the July 31st deadline.)


Application Status:

You can check the status of your application or payout in the Maturity section of your Subscriber Online account.


Applying for EAP:

– Once you have submitted all valid required documents prior to August 15 (including a void cheque), an advancement of up to 50% will be paid out to you via direct deposit within 10 business days from the date your file was updated.

– Note the following exceptions: Clients with a Scotiabank account may be able to see their funds on the same day. Clients of other major banks such as TD, RBC, CIBC, and BMO may see their funds at the end of the day, or the next business day. Clients of credit union banks may see their funds within 2-3 business days.

Please be advised that a fee of $20.00 plus applicable taxes will be deducted if you do not provide us with a valid void cheque and a payment is issued to you by cheque.

Please forward any additional questions to our Customer Care email at customercare@heritageresp.com, or our call centre toll-free at 1 800 363 7377.

Thank you for your patience.

Understand your maturity options

Plans maturing on and before July 31st, 2014

Check out the maturity time resources available to ensure you make the best decision in relation to your goals: click here.

Plans maturing on and before July 31st, 2015

Check out the maturity time resources available to ensure you make the best decision in relation to your goals: click here.