Provincial education grants available

Applications open to children born in 2007 or later

Parents are being reminded about a provincial grant for post-secondary education and training.

To be eligible for the $1,200, children must be born in 2007 or later. Families have three years, or until the day before the child’s ninth birthday, to submit an application for the grant.

In Abbotsford, parents can go into Coast Capital Savings Credit Union, Envision Financial, Khalsa Credit Union and Prospera Credit Union to kick-start their savings for their children’s future.

No matching or additional contributions are required to access the $1,200. Even a small amount of savings in an RESP increases the likelihood that a child will continue their studies after high school.

“Starting at a young age, children can watch their education savings grow,” Abbotsford-South MLA Darryl Plecas said. “This grant will make sure kids have access to the training and education they need to take advantage of B.C.’s strong economy. “

With the $1,200 grant and an investment of $50 a month, savings could grow to $12,000 (based on a 3.5 per cent annual growth rate). Growth of funds will depend on the amount invested and actual returns.

The one-time grant of $1,200 per eligible child will be deposited into a Registered Education Savings Plan (RESP) upon approval of the application.

For more information,  visit your financial institution or canlearn.ca

Just Posted

RCMP believe Missing Hope teenager was headed to Chilliwack

Keely Reeze Loewen, 18, last in contact with a family member on June 13

Country trio Rascal Flatts announce stop at Abbotsford Centre

Concert on Nov. 1 with special guests Aaron Goodvin and Steve Lee Olsen

Colorado singer-songwriter performs two shows in Abbotsford

Jeremy Facknitz at Fieldhouse Brewing and Singletree Winery

Abbotsford farm plans world’s largest goat yoga class

Event on June 22 features yoga surrounded by goats, followed by strawberry picking

Artist talk and poetry reading held in conjunction with mental health art exhibit

Events hosted June 20 in Abbotsford by Communitas Supportive Care Society

VIDEO: ‘Avengers: Endgame’ to be re-released with new footage

‘Avatar’ holds global box office record at $2.788 billion, while ‘Endgame’ stands at $2.743 billion…

B.C. teen killed by falling tree near Victoria

Second youth also injured in freak incident during field trip at Camp Barnard near Sooke

Elias Pettersson wins Calder Trophy as NHL’s top rookie

Vancouver forward first Canuck to win award since Pavel Bure in 1992

FVRD chair calls B.C. incineration plan for Philippines waste ‘disturbing’

Metro Vancouver ‘uniquely capable’ of safely disposing of waste coming back to Canada, say officials

VIDEO: Acknowledging skeptics, finance minister vows to build Trans Mountain project

Bill Morneau said he recognizes ‘huge amount of anxiety’ in Calgary over future of oil and gas sector

Shovels could be in the ground on Trans Mountain by September, CEO says

Ian Anderson points to weeks likely required for NEB to reinstate 2016 regulatory record

Scorpion gives birth after hitching ride in B.C. woman’s luggage

A Vancouver woman inadvertently brought the animal home from a trip to Cuba

RCMP allows officers to grow beards

Members can now wear beards and goatees, as long as they’re neatly groomed

Girl, 10, poisoned by carbon monoxide at B.C. campsite could soon return home

Lucille Beaurain died and daughter Micaela Walton, 10, was rushed to B.C. Children’s Hospital on May 18

Most Read