Adult Financial Literacy Guide | Page 20

Grants Provincial Education Grants B.C. Training and Education Savings Program (BCTESP) Families in British Columbia are encouraged to start planning and saving early for their children’s post-secondary education or training program. To help, the B.C. Government will contribute a grant of $1,200 to eligible children through the BCTES grant. This program started August 2015. To be eligible for the BCTES grant, a child must meet the following three criteria:  The child was born in 2007 or later;  At the time of application the child and a parent/guardian of the child are residents of British Columbia;  At the time of application the child is the beneficiary of a Registered Education Savings Plan (RESP) with a participating bank or credit union. Children are eligible for the BCTES grant on their sixth birthday up until the day before their ninth birthday. Photo credit wecometolearn via Visualhunt CC/BY Questions? Contact your Registered Education Savings Plan provider or if you don't have one, contact your bank, credit union or an investment advisor. For more information on the BC Training and Education Savings Program: Telephone: 250-356-7270 Email: [email protected] 20