RESPs: Individual versus Family Plans

Registered Education Savings Plans (RESPs) are created to help Canadian families support their children’s post-secondary education. In general, there are two kinds of heritage education funds RESP accounts, namely the Individual Plan and the Family Plan.

Individual RESPs
As the name suggests, individual plans only have one beneficiary, which can be the subscriber himself/herself or another person named by that subscriber. Age restrictions are not a problem since this type of account doesn’t have any rules on that, but some Canadian Education Savings Grants (CESGs) only pay to beneficiaries under 18 years old.

For instance, let’s say you have an individual heritage RESP for each of your two kids. If one of them goes to grad school and the other doesn’t, you can change the beneficiary even if they are already 28 years old when they start with the grad school. As mentioned, this doesn’t include any government grant money.

Also, you can combine multiple individual plans into one family plan any time as long as the beneficiaries are related to the subscriber either by blood or adoption.

The downside appears when you have multiple individual plans in your family: more plans, more paperwork, and more relationship requirement.

Family RESPs

On the other hand, family plans can have one or more beneficiaries who must be related to the subscriber whether by blood, adoption, or marriage. That means you can sign your children, grandchildren, siblings, or other relatives (by blood, adoption, or marriage).

The beneficiaries under the family RESP must be under 21 years old at the time of registration, and they can be changed or removed throughout the plan’s course.

For individual RESPs, there’s basically no need for strict allocation of contributions. However, when it comes to family heritage RESPs, more than one beneficiary means dividing the contributions for each beneficiary.

For instance, if you’re signing up two kids with different ages, you have to divide the contributions between them, with the older child (ideally) getting a larger slice to catch up with the contributions. In case you have twins, the allocation would easily be 50% for each child.

Both the individual and family heritage RESPs follow a maximum grant amount of $7200 per child. If your children have reached the maximum grant and you opt to transfer some of the contributions to another beneficiary, you’ll lose the grant.

Choosing the Right One

If you only have one child, you may naturally choose individual RESPs. If you plan to have another child, signing up for a family account may be the better choice.

For families with two kids or more, family accounts are normally the first choice. Or you can sign up for multiple individual accounts. On the other hand, remember that these accounts may pretty much be the same thing since you can transfer contributions between accounts. For example, if one of your kids doesn’t go to school while the other does, you may transfer the contributions of the former to the latter—regardless of the type of account you have.

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How GPS And Wi-Fi Help In Indoor Navigation

When mapping the indoor environment, Wi-Fi performs better than GPS. While the GPS is critical while navigating the outdoors, it cannot penetrate the concrete walls and floors. In the high-rise buildings, mapping without the gps for indoors can be a daunting task. Wi-Fi plays a huge role in pinpointing the exact locations of objects in various floors of a multistory building. Considering that the Wi-Fi access points exist in many buildings, a technician can help you to install an indoor positioning system that works. This system comes in handy whenever you are shopping in a large mall or visiting an exhibition center. If you download the map of the building, you can find the location of every item with ease. In addition, you will also get the directions to the exact location.


Indoor positioning in shopping malls

If you want to go shopping, investing in a system that combines the indoor and outdoor navigation systems will help you to find the directions to the store as well. Such a system is vital whenever you are shopping online. When you find the items that you need to buy, the system will also provide the directions to the cash registers as well as the exits. Since wayfinding is critical in a mall or exhibition center, having such a system can work to your advantage. In the wake of the mobile phones and other products that can use Wi-Fi for indoor navigation, you can use the modern technology at an affordable cost.


Avoid the pitfalls of navigation positioning system

The sure way to circumvent the pitfalls of indoor navigation is to download the current map of the building. If you use an old map, you might struggle to find your way around the building. The layout of buildings can change after the owners undertake some renovations, meaning that you need the current map to navigate the indoor world. While a smartphone can give you some accurate images and directions, the modern versions of the indoor navigation software are compatible with the conventional mobile phones. If you can read the indoor maps from your phone, you do not have to invest in a smartphone to navigate a shopping mall, hospital, or airport.


How Wi-Fi Overcomes the Limitations of GPS

Wi-Fi comes in a broad range of networks that can navigate through the corridors, walls, ceilings, and floors. The accuracy of this signal depends on several factors, and the best way to address the limitations of Wi-Fi is to consult your service provider. If you invest in the modern technology, you will improve your indoor navigation system significantly. While you need a strong signal to access the indoor navigation for the military, most of the commercial buildings do not require to upgrade the system.

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7 Benefits Of Integrated Cloud Services

Cloud services refer to the technology that allows different devices like phones, computers, and tablets to access shared resources, information and applications over the internet. Using a service like Azure management, the user doesn’t have to install the app in order to use it. Instead they can store and get access to all their files on the cloud from anywhere that has an internet connection.

On the cloud resides the operating system as well as all the databases, configurations, and software applications that are necessary to run the system. The user doesn’t have to deal with any of those; only the app which saves on resources and ensures a high level of security.

Microsoft Azure works well with different devices running different operating systems. That way interoperability and agility are guaranteed which makes it a better choice for businesses looking for integrated cloud services. To get the most out of the managed public cloud the organization needs to implement different IT solutions and open source technologies.

1. Synced Information

Syncing apps, getting security updated installed and applied automatically, and getting the most recent information are all benefits of using managed public cloud. If one user makes a change to a file or a document on the cloud the other users get it in real time. This allows different teams collaborating remotely to work together without delays or unintended errors.

2. Better functionality

With Microsoft Azure you get different modules all working together at high efficiency. All functions are automated which yields high degrees of accuracy of the operations across the platform. In a seamless system like data centre management all system to system operations don’t need human input which speeds up the information sharing in flawless symmetry.

3. Streamline business goals

Moving all businesses to the managed public cloud and thanks to Azure management you get to streamline all aspects of your business from logistics and marketing to procurement and management. This puts the focus on the overall business goals which can be shared by various entities where everyone gets to work on those goals with instantaneous reporting and feedback.

4. Security

Access to all parts of the cloud is secured with confidential credentials only the specific user can use them. Verification of the user takes place on the cloud through a set of security protocols which protects not only the files and information on the cloud but ensures the security of the integrated cloud services themselves.

5. Flexibility and Scalability

As the organization grows and more business resources are needed, the managed public cloud and open source technologies can accommodate this growth by offering simple solutions to either upgrade or downgrade their packages. This cost-effective way of operating the business makes the cloud the best option for organizations focused on the bottom line.

6. Higher availability

Because all the services are stored on the cloud, any user with the right access can get to use these services. This high availability creates greater opportunities for sharing and collaborating on the cloud. It also makes the organization’s infrastructure more efficient. People can work on different time zones, and geographic boundaries are overcome because all a user needs is an internet connection to access these services.

7. Reduced costs

Because the services on the cloud are fully automated this cuts down on the human element which reduces overhead and costs of running operations. Add to that the integration of open source technologies and IT solutions eliminates the need for middleware and costly experts to run the infrastructure.

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Why Canadians Are Embracing Hard Drive Destruction

In an age of mass surveillance and sophisticated snooping conducted by espionage agencies such as the United States National Security Agency, Canadians are learning about the importance of hard drive destruction and paper shredding services.

According to a report broadcast by CBC Radio in March 2017, law enforcement agencies are underscoring the importance of paper shredding services and document destruction by hosting hard drive destruction events in various communities. One such event was organized by Calgary Police and held at the Cross Iron Mills shopping mall on a Saturday morning.

At the data privacy and security event, an information security firm was invited to demonstrate the hard drive destruction process. Neighbors were invited to bring along their old electronics and personal computing devices so that they could permanently erase all data contained therein. The Electronic Recycling Association of Calgary offered a workshop to residents who are interested in scrapping, donating or configuring old computers to serve a different purpose.

1. The Importance of Secure Data Disposal in Canada

To see Canadian police departments sponsoring hard drive destruction and paper shredding services is commendable. Such scenes do not play out in the United States, where law enforcement agencies tend to focus on electronic devices as part of investigations and prosecutions. There is also the unfortunate fact of mass government surveillance that is constantly perpetrated against Americans.

Calgary police officers support document destruction in an effort to curb the spread of identity theft and other forms of financial fraud. Criminals are known to scour garbage bins and dumpsters in search of discarded hard drives, smartphones and other devices that may contain personal information.

2. Digital Document Destruction

When it comes to deleting information stored in hard drives, various methods can be used but only a few are truly secure. Physical destruction of the storage device is the best method for information considered to be highly sensitive.

Secure data removal without the physical destruction of the storage media can be achieved by means of software utilities that overwrites disk sectors at least three times with random, nonsensical data. If a computer is going to be recycled, the entire hard drive can be wiped before being reformatted and encrypted; in this fashion, a Canadian family can keep an old desktop computer and transform it into a media player or as a machine that children can use to play games and get homework done. For additional insights, please visit Shred-it.

Destruction of digital documents is not limited to hard drives; if a smartphone or tablet contains extremely sensitive information, the same physical destruction approach should be taken; however, the entire device does not need to be destroyed. If a smartphone is going to be recycled for parts, technicians can locate the storage component for selective destruction.

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