Heritage Vote

Welcome to the Heritage Educational Foundation 2021 Vote Hub. Here, you’ll find all the information and documents related to the proposal and subsequent vote to wind-up the Heritage Group and Self-Determined Plans, transferring your existing RESPs to Knowledge First’s Family Single Student Plan, an individual RESP plan.

 

Why your vote was important

The choice that customers made to move to the Family Single Student Plan is a decision that is giving you more control of your plan and creating more certainty about what you will have in your RESP when it comes time for your student to attend post-secondary school.

The Board of Directors of the Heritage Educational Foundation strongly recommended the vote in favour of this change.

For a high-level overview of why this vote was important, and how it’s positive outcome will benefit you, please review the following document:  Reasons to Believe     (Chinese version)

 

Vote results and next steps

The Heritage Educational Foundation held a special meeting via Zoom on Thursday, May 6, 2021 at 10:00 a.m. EDT for all Heritage Group Plan subscribers and at 1:00 p.m. EDT for all Self-Determined Plan subscribers.  Customers also had the option of voting in advance of the special meeting by phone, email or mail using their Proxy Form.

To carry the proposed changes, a majority of votes cast in favour of the transfer by the Group Plan and Self-Determined Plan customers was required.

The results of the vote were positive with 70.70% of Group Plan customers voting in favour and 95.63% of Self-Determined Plan customer voting in favour.

The press release of the vote results can be found here.

With the completion of the vote Knowledge First will begin the process to transfer the Heritage Group Plans to the Knowledge First Family Single Student Plan. This transfer will not take place until 2022.  In the meantime, your Heritage Group Plans will still operate and are accessible to you with no changes.

We are sure you have many questions about what happens next and we have compiled a list of Frequently Asked Questions about the Post Vote process for you.

 

Knowledge First Family Single Student Plan

Looking to get a better understanding of the Family Single Student Plan?  Here is the Plan summary that will provide you with an overview of the individual RESP that your Heritage Plan will be transferred to.

 

Voting materials

For an in-depth look at the vote and its proposed changes, please refer to the notice of meeting and information circular found below:

Notice of Meeting (Heritage Group Plan Members) 
Notice of Meeting (Self-Determined Plan Members)
Information Circular
Resolution (Heritage Group Plan Members)
Resolution (Heritage Self-Determined Plan)

 

Still have questions?

We’re happy to answer any questions you may have.

Please be sure to check out our list of Frequently Asked Questions about the vote.

For all other inquiries, please email us at info@HeritageVote2021.ca or call us at 1 800 363-7377.

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