Community Articles (listed by posting date)
General News · 25th September 2026
Margaret Verschuur
In the article about RESP’s, I wrote “As of April 1, 2028, RESPs will no longer be offered.” This is incorrect.
RESP’s will continue. What is being phased out is the $1,200 contribution which an eligible child can receive once between the ages of six and nine.
Thank you to one of our readers for pointing out this error.
More about this:
RESP’s are currently supplemented federally by the Canada Education Savings Grant (CESG) and sometimes the Canada Learning Bond (CLB), as well as provincially by the BC Training and Education Savings Grant (BCTESG).
The BCTESG is a one-time $1,200 grant from the Government of British Columbia, available to eligible children born on or after January 1, 2006. No matching contributions are required—simply apply through your RESP provider when your child turns six.
Important Change: BCTESG Phasing Out in 2028
In the BC government’s 2026–2027 Budget, it was announced that the BCTESG will be discontinued in 2028. Families with eligible children must apply before the deadline to secure this valuable grant.
RESP’s will continue. What is being phased out is the $1,200 contribution which an eligible child can receive once between the ages of six and nine.
Thank you to one of our readers for pointing out this error.
More about this:
RESP’s are currently supplemented federally by the Canada Education Savings Grant (CESG) and sometimes the Canada Learning Bond (CLB), as well as provincially by the BC Training and Education Savings Grant (BCTESG).
The BCTESG is a one-time $1,200 grant from the Government of British Columbia, available to eligible children born on or after January 1, 2006. No matching contributions are required—simply apply through your RESP provider when your child turns six.
Important Change: BCTESG Phasing Out in 2028
In the BC government’s 2026–2027 Budget, it was announced that the BCTESG will be discontinued in 2028. Families with eligible children must apply before the deadline to secure this valuable grant.