Funding Your Child’s Future

What’s more important than your child’s future?
We know the first five years are the formative ones, so we do our best to provide a safe and happy environment for them at home. Then, when they get really big (like six!) they enter into the world of higher education. All dressed up with backpacks and lunches in hand, they head off for a day of school. But that’s not always enough to ensure they have what they need to get them the job they’ll want later in life. It takes money too. Education gets more expensive when they get really, really big.

So the BC government is stepping in to help. To get families started on saving early for their children’s education, the Government of British Columbia has announced a new $1,200 BC Training and Education Savings Grant. When a BC resident child turns six years old, the Province will put $1,200 into the child’s Registered Education Savings Plan (RESP). Starting immediately, all BC children with an RESP and born on or after January 1, 2007 will be entitled to receive the BC Training and Education Savings Grant.

The only catch is that you have to open up an RESP for your child. But if that’s the catch we need to get free money, we’ll take it.