Joined
·
284 Posts
Has anyone here in BC heard of the British Columbia Training and Education Savings Grant (BCTESG)? My wife just discovered this one. It is a fairly new additional grant that was added to the RESP program last year. There seems to be very little advertising about this grant, so I’m sure a lot of eligible folks are missing out.
It looks like a really sweet deal for those that qualify, but I’m not sure why the program is so restrictive – it’s only open to kids born in 2006 or later, and you must apply for the grant between their 6th and 9th birthdays (with some minor exceptions).
The link below has more info, but is a bit short on details. It seems you can receive the $1200 grant by applying for it so long as you have an RESP account for a kid that is of the right age. All this is on top of the existing 20% CESG that you get for the first $2500 in contributions per year, per kid.
My kids are too old to take advantage of this additional grant, but for those of you living in BC with kids of the right age, you would be crazy not to take advantage of this free money.
http://www2.gov.bc.ca/gov/content/education-training/k-12/support/bc-training-and-education-savings-grant
It looks like a really sweet deal for those that qualify, but I’m not sure why the program is so restrictive – it’s only open to kids born in 2006 or later, and you must apply for the grant between their 6th and 9th birthdays (with some minor exceptions).
The link below has more info, but is a bit short on details. It seems you can receive the $1200 grant by applying for it so long as you have an RESP account for a kid that is of the right age. All this is on top of the existing 20% CESG that you get for the first $2500 in contributions per year, per kid.
My kids are too old to take advantage of this additional grant, but for those of you living in BC with kids of the right age, you would be crazy not to take advantage of this free money.
http://www2.gov.bc.ca/gov/content/education-training/k-12/support/bc-training-and-education-savings-grant