Ester Archive

Educational Assistance Payments (EAPs)

In terms of RESPs, an educational assistance payment (EAP) helps the beneficiary finance the expenses of his or her post-secondary education. EAPs consist of various grants and funds, including the Canada Learning Bond, the Canada education savings grant, and any form of earnings obtained from the savings program providing by heritage education funds.
A student may receive EAPs if:
• He or she is enrolled in a qualifying educational program.
• He or she is already 16 years old and is attending a specified educational program.
• He or she is attending a post-secondary educational institution.
A qualifying educational program is post-secondary school program that lasts for not less than 3 consecutive weeks. This program usually requires students to spend at least 10 hours per week on a course or work in the program.
Meanwhile, specified educational program is a post-secondary program that lasts for at least3 consecutive weeks and that requires a student to spend at least 12 hours per month on the courses in the program.
A post-secondary institution includes:
• Any educational institution that offers non-credit courses that develop or improve skills in occupation; and that’s certified by Employment and Social Development Canada (ESDC).
• A university, college, or other such institutions in Canada.
• A cross-border or overseas university that has post-secondary school courses at which the student is enrolled in course not shorter than 13 consecutive weeks.
• A university outside Canada that has courses at post-secondary level where the student is enrolled full-time in a course not shorter than 3 consecutive weeks.
In case he or she stopped attending school, the student may still be entitled to EAPS as long as the payments would have been considered as EAPs if they had been made quickly before the student stopped school.
Maximum amounts of Education Assistant Payments
After the student enrolled in a qualifying educational program, he or she can start receiving EAPs. However, he or she must also other important requirements.
• For the first 13 consecutive weeks of an RESP for a student in a qualifying educational program, the maximum amount of EAP to be made is $5,000. After the initial 13 weeks, there’s no longer any limit on the amount of EAPs, provided the student continues to be qualified for such benefits.
• On the other hand, if within a 12-month period the student is not enrolled for any qualifying educational program for 13 consecutive weeks, the $5,000-limit will be imposed again.
• Meanwhile, for specified educational programs, the cap is at $2,500 for the 13-week period, regardless of the student’s enrollment in a program.
• As far as the terms and conditions of an RESP, the promoter can supplement the $5,000 or $2,500 EAP by paying a part of the contribution tax-free to the student.
Tax Considerations
Whenever EAPs are paid to the student, they become subject to taxes since they come from tax-sheltered funds such as grants, investment incomes, and the likes. Your RESP provider will most likely give you a T4A slip, which they use to report the payments on your income tax return.

Hard-Copy Life: 5 Benefits of Intuitive Document Management

Maintaining the status quo by using hard-copy document management systems is not only outdated but can also make a business lag behind the competition. Well-designed document management systems and embracing newer technologies in the day-to-day running of a business can be very helpful for businesses that want to stay ahead of the competition. You should consider document scanning services for managing your physical files. Here are ways and benefits of embracing innovative technologies of managing and storing data in your business:

1. Reduced Physical Storage

Digital documentation reduces the need for physical storage. Paper documentation requires a lot of space to be operational. In the modern age, you shouldn’t set aside resources to cater for space for storing your vital office documents. All you need to do paper scanning and upload the files into your computers and servers.

2. Lower Costs

The financial obligations of building a business from scratch can be quite expensive. One of the easiest ways to reduce these costs is by embracing newer document management systems that are cheaper to acquire. If your employees use paper to dispense and store information, it can be an expensive ordeal for the business in the long run. You can save a lot of money by switching your usage of paper to digital documentation through a file scanning service technology.

3. Easier accessibility

Today’s business environment calls for instantaneous everything. Finding a document that is hidden in a pile of files in several cabinets can be time-consuming. With the digital documentation of data, accessing these files can be easier regardless of your location. Provided your computers and servers are not slow, you can integrate modern technologies like Big Data and cloud to facilitate efficient processing and analysis of data.

4. Leverage over other business

Gaining an advantage over competitors is good for every type of business. Hence, being able to access necessary information and be first to get to market can get you leverage over your competitors. It’s one way of being prepared for the future.

5. Robust Indexing of Documentation

There is too much room for making errors when dealing with paper documentation processes as compared to digital documentation systems. Through personal document scanning, digital documentation systems will enable your employees to have robust indexing capabilities when handling data. It’s easier to deploy, disseminate, and dispense information when the documents in your office are digitalized than when they are in file cabinets. Even if you’re inundated with massive files of documents to digitalize, it’s worth spending time to make things right earlier and position your business strategically for the future. If you would like to learn more, there are more resources available at CASNET.

5 Top Reasons To Apply For Ontario Teachers College

Just about everyone has a fond memory of a teacher that shaped and molded their mind or one that influenced their desire to learn more about a subject that led to a career. Today, many teachers still have that almost magical influence over the students that they teach. However, in order to teach in Ontario, Ontario teacher training is necessary with special training at a teachers college along with
teacher additional qualifcations.

1. Great Job Security

Of course, the economy is quite robust at the moment. However, the economy does have its ups and downs. Generally, this dramatically affects job security in a number of industries. However, it’s different in education. Once you’ve attended teachers college and attained Ontario teachers training, backed with experience, you will always be in high demand. Certainly, this is very true for those high-demand subjects.

2. Share Your Love For A Subject

Perhaps, you have a great passion for mathematics, history, or geography. Share that great passion with young minds. This passion and enthusiasm for a subject might easily transfer to students in your classes. Those students might decide to pursue a teaching career too. Thus, ensuring that more students start an educational career and bring more passion and excitement to the educational world.

3. Flexible Hours

Most parents working outside of the home hire a babysitter or drop their kids off at a daycare center. However, teachers work very flexible hours. Often, their hours match the hours that their kids are in school. Thus, eliminating child care expenses, while still having the ability to earn a paycheck.

4. Good Pay

Most teachers agree that they earn reasonably good pay, working in the educational system. In fact, the average professional school teacher in Ontario earns more than a wide variety of professionals with similar education or training. In addition, Ontario teacher training prepares you for future career advancement.

5. Creating Future Leaders

It is your duty to create an interesting environment in the classroom that encourages young minds to explore learning and ask questions. This leads to developing the greater ability to learn and succeed in the classroom. This is a skill that is easily transferred to life, and just might build future leaders in the community or the country.

Ontario teacher training at a teachers college provides future teachers with the necessary education and skills to teach in Ontario schools. Share your passion for education by becoming a teacher too. If you are looking for more information, you may be interested in checking out Western University.

3 Ways Big Data Can Provide Shipping Strategies for Small Businesses

Small businesses can use the features of big data to optimize their operations just like the big players in various sectors in order to be at par with the advancements in technology. It’s prudent for small companies or businesses to elevate their shipping strategies to meet the dynamic shipping consumer needs that keep heightening. Credible big data courses are necessary for small businesses that want to understand the shopping trends and behavioral patterns of their consumers, and thus make timely decisions in optimizing their shipping approaches and compete with retail giants.

Big data certification from a reputable big data university can help a business greatly in understanding how to utilize Excel records, Google analytics and all generated data from social media platforms, digital data from Customer Relationship Management (CRMs), and cloud. The Big data analytics will combine the use of algorithms in interpreting various datasets so as to come up with predictions for their target markets. Although the big data definition has been associated with big companies and large corporations, smaller businesses have an agility advantage over these bigger brands. Here are two major ways the small businesses can use big data to improve their operations and boost ROI.

1) Better solutions for warehouse locations

With the availability of numerous warehouse locations and stock inventory options, being able to mix these solutions and optimize cost in order to give customers the best experience can be challenging, especially to small business owners. Business people in various industries need to identify the right warehouse locations, and the ideal items to stock and where by using big data insights.

A small business can be able to determine the ideal geographic locations to channel funds and avoid investing too much into research. There are no intensive or expensive prerequisites before investing in big data other than understanding how big data analytics work! The results from the analysis of digital data will eventually help a company to access vital supply chain information before making crucial and informed business decisions about its shipping strategies. For example, a big data package will help your company make informed decisions ranging from a warehouse location to predictions for delivery for consumers and transit times. There are online resources available at Schulich School of Business, which may provide you with more information.

2) Delivery time expectations

If businesses fail to meet the demands of consumers in the e-commerce environment, they risk losing a lot of money. A bigger percentage of consumers need to know the expected time of delivery of their ordered goods before they place their orders. Lengthy delivery times are becoming intolerable in today’s fast-paced business environment. Therefore a business can utilize big data in analyzing various trends and potential market challenges to reduce the delivery time expectations and ways of cutting down on costs.

3) Improve Order Fulfillment

Order fulfillment generally faces lag times and human errors. It’s difficult to manually handle complex orders, which results in mistakes and missed details. It’s also time-consuming as worker manually select shipping carriers and services for each and every item shipped out. Big data analytics can speed up this process by predicting beforehand the shipping carrier, add-ons, and services and automatically generate shipping labels.

Funding Sources for School Gym Equipment

Physical education and athletic programs are an important part of a child’s development. Such programs not only provide much-needed exercise, but also build foundations for lifelong confidence, teamwork, and goal setting skills. However, many schools have faced increasing budget cuts over recent years, and one of the first programs to suffer is Athletics. School gym equipment is sometimes expensive, but it is critical that all school sports equipment is updated often to provide safe learning for children.

Luckily for schools looking to purchase school PE supplies such as basketball posts, soccer nets, or balls still have many funding options outside of traditional taxpayer funding. If your school requires new school gym equipment, consider these alternative funding sources to get the supplies your students need.

Old-Fashioned Fundraising Campaigns

All-time school favorites and time-honored traditions for parents everywhere, the old-fashioned school fundraiser is an excellent way to raise small amounts of money for school PE supplies while also raising awareness and having fun. Be creative with fundraising efforts to keep students, parents, and community stakeholders interested. Bake sales are great, but ideas such as dances, fun fairs with contests and prizes, popcorn sales, and dunk-a-teacher tanks are sure-fire ways to earn money to support school sports equipment purchases over the long run.

Crowdfunding Campaigns

Does your school have a high-cost need such as school bleacher seats or gym divider curtains? A capital campaign such as these examples may be well-suited for fundraising through a crowdfunding website. On these sites, your school can set a goal to raise a certain amount of money in a specific amount of time. Donors are ensured that their money will only go to the campaign effort, and can be rewarded with thank you gifts through the web portal. Be certain to find a website that is designed for schools only, as they will charge the lowest percentage of the funds earned for their fee.

Other Funding Sources to Consider

For high-cost projects or equipment needs, your school should look at what grants, both public and private, may be available. Local and national foundation support is frequently earmarked for athletic programs. If you have the internal resources or a parent with a development background, certainly leverage that asset in terms of grant-writing and soliciting major gifts from wealthy alumni or community interests. You may find that there is increased interest if you offer naming opportunities for legacy gifts; be certain to allow for planned giving as well, which can often be a win-win situation for schools and donors.

Finally, keep an eye out for contests and promotions. Most major suppliers of school gym equipment give at least some items away each year through essay contests and other means.

Thinking of Starting Your Own Business? Going to Business College Can Be a Good Idea

When some people think about going to college, they think about doing so in order to pad their resume so that they can get a job. If you are thinking about opening up your own business, you might not think that it’s necessary for you to go to business college, since you might be thinking that you won’t have to convince anyone to hire you like you would if you were planning on applying for a job. However, even if you’re going to be your own boss, going to college can be a good thing. In fact, it can be even more important. These are a few reasons why you may want to look into Toronto colleges that offer business classes, certificates and degrees before starting your own business.

Make Connections

Business schools are filled with people who have worked in various aspects of the business world or people who are interested in business. You might be surprised by the connections that you can make, all of whom might be able to help you with starting and running a successful business. It’s a great way to get connected with like-minded individuals.

Save Yourself Money in the Future

You might be thinking about the money that you’ll have to spend in order to go to college for business. However, instead, you might want to think about the money that going to college can save you once you are a business owner.

If you take the right classes, you can learn about things that you might have otherwise had to hire others to do. For example, digital marketing classes can teach you how to market your business online yourself. Accounting classes can teach you how to handle your own bookkeeping, at least in the beginning. This can help prevent you from having to hire people later, which can save you a lot of money and be very rewarding, too.

Get Help with Your Business Plan

In order to start a good business, you are going to need a good business plan. Even though you might have good ideas, you might not currently be thinking about things from a business standpoint like you should be. In business management classes, however, you can learn how to develop a business plan that will actually work. This can help you get started off on the right foot when it’s time to launch your business and can help you ensure your success.

As you can see, if you haven’t thought about attending a business college since you are going to be working for yourself, you may want to think about it. In fact, you might just find that a business college education will be even more valuable for you than for those who aren’t thinking about opening their own businesses.

What You Need to Know to Make It Into the University of Western Ontario

If the University of Western Ontario is your college of choice, you’ve got to be prepared. There are numerous things that the acceptance staff at this university is going to be looking for in your application, but the following is a list of some tips for making your application stand out.

1. Get great grades and score well on tests.

Naturally, all Canadian Universities want you to have great grades, and the University of Western Ontario is no exception. In all years of school, try your best to achieve the best notes possible. In addition, when it comes time to take your yearly exams, give it your all. If you need extra help in certain subjects, don’t just assume that these are areas you don’t excel in. Instead, ask for help from your teachers, or get a tutor.

2. Be involved in extracurricular activities.

If you’re amazing at your base subjects, extracurricular activities show that you’re more than just an academic. And if you don’t have the best grades, extracurricular activities can let you shine in other ways. Consider joining sports teams, playing an instrument in band, singing in the choir or being part of a club. There are lots of ways to get involved.

3. Spend time on your essays.

Your essays allow you to truly shine through. Take your time, and revisit them over several rewrites instead of simply submitting the first draft you come up with. Additionally, consider having them read by an English or writing teacher at your school. You might even ask one of your parents to read over your essays.

4. Find great people to write your letters of recommendation.

Don’t ask your elementary school band director to write your letter of recommendation if you want to get into a pre-med program. Instead, get someone of a quality position to write a glowing letter of your qualities. You want to ask someone who knows you well and sees you in a positive light.

Finally, remember that if you end up having an interview for your application, you’ll want to be on your best behavior. Make sure that you show up early instead of just on time. Dress appropriately. Women should wear low heals and a pantsuit or dress suit. Men should wear a suit or at least dress pants, a dress shirt and a tie. Have questions ready, and be prepared to answer questions about your future.

If you do all of this, you’ll be adequately prepared to do a great job on your application and get into this amazing university. There are numerous factors that will be examined, but starting with these essentials will be a great start for you. If you need more information from an expert, University of Western Ontario may be able to help you.

Four Reasons to Train as a Doctor in the Carribean

Caribbean Medical Schools are available for people who want to make a difference by helping others. Anyone who has some previous training in the medical field may consider going to a Caribbean medical university and gathering the tools necessary to serve the people in the Carribean. The following are four good reasons to sign up for the courses right now:

The Need for Help

One of the best situations to get into as a medical professional is one in which the professional is severely needed because of a shortage. The Carribean still has a shortage of medical professionals. Therefore, anyone who takes training in the field is going to get immediate placement at one of the car centers. The job is, therefore, worth the investment that one puts into attending a medical school.

Requirements for School

The medical school requirements are not that excessive. A person can get in with a bachelor’s degree from an accredited university. the person must also pass the MCAT and have a college GPA that the school requires. Some of the other prerequisites that the school may ask for are prerequisites such as biology, general chemistry, general physics and similar courses. Each school may have a different requirement for allowing prospects to attend.

Job Stability

A medical expert in the Caribbean is likely to have job stability because of the long-lasting shortage that is apparent in the field. A new medical service provider will not have to worry about searching for a new job.

Financial Aid

Financial aid is available for people who want to go to Caribbean medical school. To obtain financial aid, the person must speak with a financial aid specialist who can run the paperwork and get the loan processed quickly. The prospective student may be able to obtain special grants and scholarships that do not have to be repaid by any entity. Student loans do have to be repaid, but the person who takes them may not have to start paying them back until six months after graduating. The funds that the student can earn from the job can repay the student loans tens times over.

How to Get Started

Anyone who is interested in an exciting medical career in the Carribean can start the process by calling the registration department. The person can then go through the process of getting set up in one of the finest facilities in the field.

Carribean medical schools have abundant programs available for persons who want to take a primary role of caring for other people. An applicant will need to have supporting documentation to formally apply with a school and begin taking the courses that the school offers.

Image Credit: Medicine Buffalo