InfoCapsule 16: British Columbia Training and Education Savings Grant
From: Employment and Social Development Canada
Disclaimer: RESP promoters
The information contained on this page is technical in nature. It is intended for Registered Education Savings Plan (RESP) and Canada Education Savings Program promoters. For general information, visit the RESP page.
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Alternate format
A PDF version of the InfoCapsules for RESP providers is available on the index page.
List of acronyms
- BCTESG
- British Columbia Training and Education Savings Grant
- ESDC
- Employment and Social Development Canada
- RESP
- Registered Education Savings Plan
Preface
On August 15, 2015, the Government of British Columbia introduced the British Columbia Training and Education Savings Grant (BCTESG). BCTESG is a provincial education savings incentive designed to help families save for their children's post-secondary education. The incentive is:
- paid under a designated provincial program
- administered by Employment and Social Development Canada (ESDC) through an agreement with the Government of British Columbia
The BCTESG is a one‑time payment of $1,200.
Eligibility criteria
- The Registered Education Savings Plan (RESP) promoter must be authorized to offer the BCTESG
- The custodial parent (or legal guardian) and the beneficiary must be resident of British Columbia at the time of application
- The beneficiary must be born in 2006 or after
- The BCTESG is:
- payable only into an individual RESP, or
- into a family RESP in which all beneficiaries are siblings
Application
| Birth year | First day to complete and sign the application form | Last day to complete and sign the application form |
|---|---|---|
| 2009 (on August 15 or later) | The day the beneficiary turns 6 | The day before the beneficiary turns 9 |
Note: The last day to apply for beneficiaries born from January 1, 2007, to August 14, 2009, was August 14, 2018. The last day to apply for beneficiaries born in 2006 was August 14, 2019.