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BC Training and Education Savings Grant

All B.C. children with an RESP and born on or after January 1, 2007 will be entitled to receive the BC Training and Education Savings Grant. When a B.C. resident child turns six years old, the Province of British Columbia will put $1,200 into the child’s Registered Education Savings Plan (RESP).

Here’s what B.C. families need to do:

Open an RESP account at your financial institution before the child turns seven years old (or by February 28, 2014 for children born in January or February 2007). No matching or additional contributions are required!

You can read the full article at;

http://www.budget2013.ca/featuredpages/education/

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