British Columbia Training and Education Savings Grant
Families in British Columbia are encouraged to start planning and saving early for their children’s post-secondary education or training programs. To help, the Government of B.C. will contribute $1,200 to eligible children through the B.C. Training and Education Savings Grant (BCTESG).
To be eligible for the $1,200 available via the B.C. Training and Education Savings Grant the following criteria must be met:
- The child was born in 2006 or later
- You and the child must be residents of British Columbia
- The child is the beneficiary of a Registered Education Savings Plan (RESP) with a participating financial institution
Budget 2016 announced that $39 million was being added to expand the BCTESG program so an additional 40,000 children born in 2006 can apply for the grant. It’s expected the parents, grandparents, and families of these children will be able to start applying for the $1,200 grant before the end of 2016.
The B.C. Training and Education Savings Grant is available through various credit unions, BMO branches, and other financial institutions now.
For more information about the British Columbia Training and Education Savings Grant including information about RESPs and a list of participating institutions, visit www.gov.bc.ca/bctesg.