Provincial education savings incentives
Did you know there are even more ways to add to your child's education savings?
Provinces like Saskatchewan, British Columbia and Alberta may add money to a Registered Education Savings Plan (RESP).
This means you can save more money faster!
Note: The Government of Canada administers provincial grants on behalf of the provinces.
Alberta Centennial Education Savings (ACES) Plan
The Alberta Centennial Education Savings (ACES) Plan Grants are savings incentives to help Albertan families save for their children’s post-secondary education through Registered Education Savings Plans (RESPs). The Government of Alberta recently announced the closure of the ACES Plan, following a review of the program. The closure does not impact other RESP savings incentives administered by the Government of Canada.
For more information concerning the closure, please consult your RESP provider, the Government of Alberta web page on ACES or call 1-866-515-2237.
Saskatchewan Advantage Grant for Education Savings (SAGES)
The Saskatchewan Advantage Grant for Education Savings (SAGES) will help Saskatchewan families save for their children’s post-secondary education.
The Government of Saskatchewan will provide a grant of 10% on contributions made since January 1, 2013, to a Registered Education Savings Plan. The maximum grant is $250 per child per year. To be eligible for the grant, the child must be a resident of Saskatchewan when the contribution is made.
For more information, please visit the Government of Saskatchewan web page on SAGES.
British Columbia Training and Education Savings Grant (BCTESG)
Families in British Columbia are encouraged to start planning and saving early for their children’s post-secondary education or training programs. To help, the B.C. Government will contribute $1,200 to eligible children through the B.C. Training and Education Savings Grant (BCTESG).
To be eligible for the $1,200 BCTESG:
- You must have a RESP with a financial institution that offers the grant.
- You and your child must be residents of B.C.
- Your child must have been born in 2007 or later.
- The application must be submitted any time between your child’s 6th birthday and the day before their 9th birthday.
- Your child must be named as a beneficiary of a RESP.
For more information about the BCTESG and to view the list of financial institutions currently offering the grant, please visit the BCTESG web page.
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