News

B.C. BUDGET: Education fund has $1,200 for kids under seven

A children’s education fund set up by the B.C. government in 2007 is being distributed to parents, with a suggestion that they add to the fund for their kids’ education.

Payouts of $1,200 will be made from the fund for each child as they turn six.

To qualify, parents have to open a Registered Education Savings Plan and apply for the grant before their child turns seven.

Eligible children are those born on or after Jan. 1, 2007, resident in B.C. with an RESP account set up by Feb. 28, 2014.

The budget also provides $32 million over three years for new child-care spaces and a new early childhood tax benefit for families with young children, to take effect in April 2015.

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

Surrey Memorial to act as Ebola centre for Lower Mainland
 
Dix to focus on tech sector, skills training
 
Holdom property tied up in legal battle
University Is Free In Germany. Should Canada Copy and Paste?
 
Gypsy moth infestation discovered in Cloverdale
 
Scholarship established in honour of Surrey athlete killed in crash
Attacks on women prompt warning from Surrey RCMP
 
Surrey enforcer killed on the weekend
 
Report ranks high spenders among Metro Vancouver cities