InfoCapsule 16: British Columbia Training and Education Savings Grant

On this page

• List of acronyms
• Preface
• Eligibility criteria
• Application

Alternate format

A PDF version of the InfoCapsules for RESP providers is available on the index page.

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