WHO IS ELIGIBLE?
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 B.C. Government 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 provides an additional $39 million to extend the BCTESG program to children born on or after January 1, 2006, to help more parents and families save early for their child’s education.
WHEN CAN I APPLY?
The earliest you can request the grant is when your child turns six. After that, you may apply any day before their ninth birthday.
Since this is a new program, if your child had their 6th birthday in 2013, 2014 or 2015, you have an extension until August 14, 2018 or the day before their ninth birthday, whichever is later to get the grant. If your child was born in 2006, you have an extension until August 14, 2019, to get the grant.
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