Black Press file photo.

Children between 6 and 9 eligible for $1,200 RESP grant from province

BC Ministry of Education is reminding residents to apply before the deadline

The BC Ministry of Education is reminding eligible constituents to apply for the B.C. Training and Education Savings Grant before it is too late.

The $1,200 grant for a Registered Education Savings Plan (RESP) is eligible for B.C. residents between the ages of six and nine. According to a release from the ministry, there are no additional fees or financial contributions needed in order to receive the grant through one of the 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,” states the release.

The release also states that 40 per cent of families do not claim this grant. The deadline to apply for children born in 2009 is the day before their ninth birthday, while children born in 2010 have until their ninth birthday. Children born in 2006 will have a deadline of Aug. 14, 2019.

“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,” reads the release.

The Canadian government will also match parents’ contributions to a personal RESP up to $7,200 per child. For more information on the federal government’s contributions, visit www.canada.ca/education-savings.

For more information about the B.C. Training and Education and Savings Grant and applicable deadlines, click here.

To report a typo, email: editor@pentictonwesternnews.com.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Person steals sound system, Ipad from Rossland restaurant

Mook Thai Lounge staff have had to buy a new sound system at a cost of $700

UPDATE: Search effort underway for Slocan River drowning victim

The man was swimming near Winlaw on Wednesday.

Arson suspected in several wildfires lit near Fruitvale

RCMP making progress in arson investigation of Marsh Creek fires

Kootenay doctor among 82 physicians, dentists calling on province for mandatory mask rule

Open letter says masks should be worn in indoor public spaces, public transportation or in crowds

Looking at ICBC crashes report for Trail

Last week the B.C. insurer released collision details from municipalities across the province

B.C. would not send students back to school if there was ‘overwhelming risk’: Horgan

Plan has left many parents across the province worried about their children’s safety

North Okanagan man chains himself to tree in protest of construction

Crews began work clearing space for a new facility Thursday, Aug. 6

VIDEO: A B.C business used robots to bring down concrete walls

Walco Industries is the only firm on Vancouver Island to use specialized robots for hydro-demolition

As CERB winds down, labour group asks Liberals to rethink EI

The government estimates four million people will be moved onto EI after CERB ends

Walmart to make face masks mandatory for customers across Canada

Requirement goes into effect on Wednesday, Aug. 12 across Canada

Practical fashion: Local designers make supplies for Nelson dentists

Surgical caps and gowns have been in short supply for dentists during the pandemic

Masks to be mandatory on BC Transit, TransLink starting Aug. 24

Both BC Transit and TransLink made the announcement in separate press releases on Thursday

Penticton homes evacuated due to wildfire northwest of city

Emergency vehicles are at the scene near Sage Mesa, evacuation centre set up in Penticton

Most Read