The Government of BC is now offering a one-time $1,200 savings grant to all BC kids between the age of 6 and 9 years old. To make sure you get this free money, your child must have an RESP account. You don't have to put any of your own money into the RESP to get this money from the Government of BC. If your child is eligible for the Canada Learning Bond, you can get both grants for free!
All children born on or after January 1, 2006, whose parent or legal guardian lives in BC at the time of the application can get the BC grant.
To get the BC grant, open an RESP account where the Government can deposit the money. Then apply for the BC grant with your RESP provider when your child turns 6. You must apply before your child turns 9.
Yes! SmartSAVER's online application will help you apply for the Canada Learning Bond and the BC grant. Our bank partners are getting set up for the new grant now. We're monitoring their progress and will contact you if there are any additional steps required to make sure your child gets the free BC grant.
The Government of BC has extended the application deadline for children nearing their 9th birthday. Check here for the list of application deadlines.