Thomson: Training grants from B.C. gov’t

Training grant helps set B.C. students up for success

Delivering B.C.’s fourth consecutive balanced budget was no easy feat—it came after years of tough decision-making and fiscal discipline in the midst of global economic uncertainty. But that prudence has paid off, because our government is now in a position to make some important investments that will make a real difference in the lives of British Columbians.

One of the best investments we can make is in our future— our children and grandchildren. That’s why we’ve expanded a significant program that’s helping parents and grandparents save for their loved one’s future post-secondary education needs.

We’re investing $39 million to extend the B.C. Training and Education Savings Grant to eligible children born in 2006. Previously, it was offered to kids born in 2007 or later. This commitment means the families of 40,000 additional children will be able to apply for the grant later this year.

To be eligible, children must be residents of B.C. along with a parent or guardian. It’s a simple process– all families need to do is open an RESP account before the child turns seven years old to get the grant. Families have three years to submit an application for the grant when their child becomes eligible.

No matching or additional contributions are required—however, if a contribution of $50 per month was made after your child’s 6th birthday, you could have up to $9,000 saved by the time he or she turns 18. What a great head start for your future student.

Since the launch of the B.C. Training and Education Savings Grant in August, more than 9,000 applications have been approved for a total of $8.1 million in grants. B.C.’s credit unions, with more than 350 branches, were the first major financial institutions to offer the grant. BMO Bank of Montreal was the first bank to sign on so people could apply for it in their 100 branches.

We know that nearly 80 per cent of job openings in the next decade will require some form of post-secondary education and training, which is why our government continue to invest in education. The B.C. Training and Education Savings Grant will help and encourage parents to plan and save for their children’s post-secondary education, so they can take advantage of B.C.’s strong and growing economy.

For more information on the B.C. Training and Education Savings Grant, call 1-888-276-3624 or visit: For more information on how to open an RESP, visit:

Just Posted

Missed a week of news? We’ve got you covered

Every Saturday, we post popular stories from the week

Long-time Hedley fan weighs in on concert

Davis Wiggs attended Hedley’s final show last night

Kelowna couple hoping for a miracle

Endang Suslash is hoping to stay in Canada so she continue receiving treatment for kidney failure

Highway potholes under ministry jurisdiction

The District of Lake Country doesn’t touch the highway when it comes to filling potholes

Embattled band Hedley plays last show in Kelowna before hiatus

About 3,000 tickets had sold for final performance at Prospera Place

Bottle drive held for Kelowna fire victim’s family

Springfield Elementary held a bottle drive today to support the Van Gool family

Canadian cities hold March for our Lives events in wake of Florida shooting

Hundreds of people support the massive March for Our Lives event in Washington, D.C.

Health officials called after acid spill near B.C.-Alberta border leaks into creek

Tanker truck crashed south of Dawson Creek, spilling 17,000 litres of hydrochloric acid

Trudeau to exonerate B.C. First Nations chiefs hanged in 1860s

Prime Minister to absolve Tsilhqot’in chiefs in relation to deaths of 14 construction workers

Snowfall warning for Highway 3

Kelowna - A snowfall warning is in effect from Paulson Summit to Kootenay Pass

Canucks sing the Blues as they fall to St. Louis 4-1

Berglund nets two, including the game-winner, to lift St. Louis over Vancouver

Calving season brings hope for Cariboo ranchers

Still a lot of work ahead to recover from the wildfires

Canada’s Kaetlyn Osmond wins figure skating world title

The 22-year-old fwon the women’s singles crown with her Black Swan routine

How to keep local news visible in your Facebook feed

Facebook has changed the news feed to emphasize personal connections. You might see less news.

Most Read