Skip to content

$1200 BC Training and Education Savings Grant Deadline In August

Locks Pharmacy


Cottonwood Center

Small Business BC

Community Futures

Diabetes Association

Chill TV

Unique Thrifting

Victoria – Parents and guardians of eligible children are reminded that deadlines are fast approaching to sign up for the $1,200 B.C. Training and Education Savings Grant (BCTESG).

For further information about the BCTESG:

Almost 80% of job openings in B.C. over the next decade will require some form of post-secondary education. The grant may be used toward full-time and part-time studies in a wide range of programs, including vocational schools, apprenticeships, trades training, college or university.

Signing up is as easy as stopping in at a local bank or financial institution to complete a simple application for an RESP. If approved, the $1,200 grant will be deposited directly into the RESP. Once deposited, the investment grows tax free.

There are no additional fees or financial contributions needed to receive the $1,200 grant, so parents and families who cannot afford to put aside savings at this time can still start a Registered Education Savings Plan (RESP).

40% of families have left this grant unclaimed. The BCTESG is only available over a three-year window. For children born after 2010, those aged six to nine are eligible. Eligibility deadlines:

* For children born in 2006 – Aug. 14, 2019

* For children born in 2010 – the day before the child’s ninth birthday in 2019

* For children born in 2011 – the day before the child’s ninth birthday in 2020

* For children born in 2012 – the day before the child’s ninth birthday in 2021

* For children born in 2013 – the day before the child’s ninth birthday in 2022

Parents and guardians are asked to visit their financial institution and ask if they offer the grant.

Share This:

Share on facebook
Share on twitter
Share on pinterest
Share on linkedin

No comment yet, add your voice below!

Add a Comment

Your email address will not be published.

20 + 20 =

This site uses Akismet to reduce spam. Learn how your comment data is processed.

On Key

Related Posts