B.C. Training and Education Savings Grant

November 30, 2015
by Jared Cross, C.P.A, C.G.A
The B.C. Government is willing to contribute $1,200 to eligible children through the B.C. Training and Education Savings Grant (BCTESG) to encourage families to start planning and saving for their children’s post-secondary education or training. To be eligible, there are 3 criteria:
 
1. The child was born after 2007
2. You and the child must be residents of B.C.
3. The child is the beneficiary of a Registered Education Savings Plan (RESP) with a participating financial institution 
 
To obtain this grant, you will need to apply after the child turns 6 but before his or her 9th birthday. However, if your child turned 6 in 2013, 2014, or 2015, there is an extension to apply available, allowing you until August 14, 2018 or the day before the child’s 9th birthday, whichever is later.
 
If you would like more information, visit http://www2.gov.bc.ca/gov/content/education-training/k-12/support/bc-training-and-education-savings-grant.