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Every child in B.C. is eligible for a free, one-time $1,200 RESP grant, with no contribution, upon turning six and until the age of nine; but only roughly half of children are receiving it ...
3. What do I get by saving in an RESP? The two biggest benefits of using an RESP are tax-deferred growth and free government grants. Tax-deferred growth means that the value of money and ...
Community Savings and Credit Union in Vancouver finds many parents are not taking advantage of free government grants for RESPs. ... B.C. parents missing out on free money for their children's ...
Schilling says B.C. children are missing a combined $280 million in free government grants and interest toward their education — what he dubs the “RESP gap.” ...