Jackpot up for grabs

B.C. Training and Education Savings Grant came into effect Sept. 1. and can be used to get a head-start on a children’s education fund.

There is a $1,200 jackpot available for every child in B.C. who was born since 2007.

The B.C. Training and Education Savings Grant came into effect on Sept. 1 and families can use it to get a head-start on their children’s education fund.

Parents anywhere in the Cariboo-Chilcotin can go to any branch of Williams Lake and District Credit Union in Williams Lake or 100 Mile House to kick-start their savings for their kids’ future.

This one-time grant from the provincial government will help make your children’s post-secondary education and training more affordable.

Receiving the grant is as easy as opening a Registered Education Savings Plan at Williams Lake and District Credit Union or any other participating credit union in B.C. Our government is working with other financial institutions so they will be able to offer the grant in the coming months.

The beauty of the program is that no additional contributions are needed to access the $1,200. But if you were able to invest $50 a month in the RESP, your child’s savings could grow to $12,000, based on a 3.5 per cent annual growth rate.

We are also working to ensure that low-income families and children in care are able to tap into the grant.

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

For more information go to www.gov.bc.ca/BCTESG or call 1-888-276-3624.

The vast majority of tomorrow’s jobs will require some form of post-secondary education, so this grant is an ideal way to put your children on the road to success.

Saving for your children’s education is one of the most important investments a parent can make, and I urge all families to apply for an RESP to access this grant.

Donna Barnett is the Liberal MLA for the Cariboo-Chilcotin.

 

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

The truck the two suspects were arrested in following a high-speed chase with the RCMP being searched by investigators. (Photo submitted)
UPDATE: RCMP arrest suspects south of Williams Lake after chase through 100 Mile

A half dozen police cars were seen heading north on Highway 97

(Tribune file photo)
Roses to Good Samaritans who helped me during theft

It restores one’s faith in human nature

Wyatt McCullough didn’t make it look easy, but he managed to succeed in the steer wrestling event at the High School Rodeo, held during in 2020 at Alex Fraser Park. This was the first rodeo event held in Quesnel in 2020 after everything else was cancelled due to the COVID-19 pandemic. (Cassidy Dankochik Photo - Quesnel Cariboo Observer)
Saddle up: Quesnel Rodeo Club planning three 2021 events

Club president Ray Jasper said the rodeos could include rough stock events

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

(Photo by Marissa Baecker/Shoot the Breeze)
B.C. WHL teams to hit the ice with Kelowna, Kamloops hub cities

Kelowna, Kamloops centres chosen to host B.C. WHL teams for 24-game regular season

Needles are seen on the ground in Oppenheimer park in Vancouver’s Downtown Eastside on March 17, 2020. THE CANADIAN PRESS/Jonathan Hayward
B.C.’s chief coroner says increased drug toxicity responsible for record overdose deaths in January

165 people – the largest number of lives lost due to illicit drugs in the first month of a calendar year

The machines are akin to ATMs and allow drug users at risk of overdose to get hydromorphone pills dispensed to them after their palm has been scanned to identify its unique vein pattern. (CANADIAN PRESS)
Feds dole out $3.5M for ‘vending machines’ to dispense safer opioids in B.C.

Vancouver and Victoria both have a MySafe machine to help reduce overdoses

Kelowna’s lakefront visitor centre is one of 130 around the province. Tourism businesses have been hardest hit by COVID-19 restrictions on travel. (Destination B.C.)
Tourism, small business getting COVID-19 help, B.C. minister says

$300M grant program has delivered $50 million so far

The incident happened in downtown Castlegar. Photo: Betsy Kline
Castlegar teen recounts stabbing after stranger breaks into grandmother’s house

The unnamed teen survived a terrifying attack Feb. 21

(Black Press file photo)
Agassiz boy, 11, dies from ‘extensive injuries’: Homicide team

Agassiz RCMP were called out Friday to assist with a child in medical distress

Dr. Amit Desai of St. Francis Hospital receives a COVID-19 vaccine on Dec. 17. (Photo courtesy of CHI Franciscan)
B.C. has now vaccinated more people from COVID-19 than total confirmed cases

B.C. has reached a milestone, vaccinating roughly 1.6% of its population from the coronavirus

Most Read