The Canada Learning Bond is $500 offered to help you start saving for your child's education after high school. Plus, your child could get an additional $100 every year until he or she turns 15 years old to a maximum of $2,000. If your child is between the ages of 6-9, you can also receive the British Columbia Training & Education Savings Grant which is an additional $1200.
All you need to do is sign up for a Registered Education Savings Plan with your bank and they will help you with the rest!
The money can be used to pay for full-time or part-time studies in:
- apprenticeship programs;
- colleges;
- trade schools; or
- universities.
