RESP Eligible Grants

Did you know children in BC qualify for $1,200 paid into their RESP accounts. Yes, free money – no strings attached. Here’s the link to find out more.

And for families who qualify, based on their family income and the number of children in the family, there is an additional up to $2,000 per child payable from the Government of Canada into the child’s RESP. 

You will need a Social Insurance Number for your children to set up a RESP account. You can go directly to your bank or credit union and tell them to expect the funds from the government. You needn’t deposit any other funds to get the money your children are eligible for. And, when you are able to make contributions, there is an additional up to 40% of amounts you deposit available from the Government of Canada as a Canada Education Savings Grant.

Yes, you can start saving for your children’s education, even when expenses are high and there is no spare cash. Get started with your children’s eligible funds from the programs available. Later on, when family cash flow improves, you can add to it – and receive even more eligible funds for your children.