A new provincial grant helps families save for children’s post-secondary education – if parents apply for it.
The British Columbia Training and Education Savings Grant (BCTESG) is a $1,200 one-time grant that needs to be applied for after the child’s sixth birthday and before their ninth. Candy St. Pierre, a representative of SASCU Credit Union, advises parents to apply soon so it does not get missed.
“The BCTESG is a great add-on to an existing Registered Education Savings Plan (RESP),” says St. Pierre. “A new RESP can be opened and the one-time grant can be applied for at that time for eligible children.”