Friday, November 23, 2018

Education Savings Week

Did you know that November 18-24 is Education Savings Week in BC?

Many folks that I talk to are surprised by the amount of funding that's available to help save for you, or your child's education! Here are just a few examples: 

Receive $1,200 toward a Registered Education Savings Plan (RESP) for children between six and nine years old.

There are no additional fees or financial contributions needed to receive the $1,200 B.C. Training and Education Savings Grant through one of 56 banks or financial institutions in Canada. This allows parents and families who cannot currently afford to put money aside to start a RESP. Even the smallest investment can grow over time and make it easier to pursue post-secondary education and training.
Receive up to $2,000 to invest in a RESP
Eligible families with modest incomes can receive up to $2,000 for each child’s RESP from the Canada Learning Bond. There are no fees and parents can receive this grant without making any additional financial contributions: For more information, visit: http://Canada.Ca/education-savings 
Have personal RESP contributions matched by the Canadian government
The Canada Education Savings Grant will match parents' contributions up to a maximum of $7,200 per child: http://Canada.Ca/education-savings