Now all B.C. kids born in 2006 or later can get the provincial B.C. Training & Education Savings Grant at age 6, 7 or 8. Over 250,000 kids in B.C. also may be able to access money for their post-secondary education savings through the federal government’s Canada Learning Bond.
Yes, it’s FREE MONEY for families to get savings started, even when they have no money of their own to contribute.
You only need to set up an Registered Education Savings Plan (RESP) account to apply for and receive the money. Without an RESP, kids miss out on the federal and provincial education savings incentives they are entitled to receive from the government.