1. Overview The Canada Learning Bond is money that the Government of Canada deposits into a Registered Education Savings Plan (RESP) to help you save for a child's education after high school. The total amount the Government deposits can be up to $2,000. Applying for and receiving the Canada Learning Bond will not
Employment and Social Development Canada (ESDC) provides an incentive for parents, family and friends to save for a child's post-secondary education by paying a grant based on the amount contributed to an RESP for the child. The Canada education savings grant (CESG) money will be deposited directly into the child's RESP. Who qualifies for the basic
When you’re a student, every dollar counts. So make sure you’re getting all the tax credits, deductions, and benefits you are eligible for by doing your taxes. Even if you have little or no income, you should still file your tax return because you could get money back! Here are some tips to
The B.C. Education Coaching Tax Credit is a non-refundable tax credit for teachers and teaching assistants who carry out at least 10 unpaid hours of extracurricular coaching activity in the tax year. The credit amount is $500, providing a tax benefit of up to $25.30. You’re eligible to claim the tax credit if
If you are planning to return to school to enhance your existing skill set or even start a new career, the federal government’s Lifelong Learning Plan (LLP) can help. The Lifelong Learning Plan is the sister program of the very popular Home Buyers’ Plan (HBP). Like the Home Buyers’ Plan, qualified LLP participants can
Even though tax season is still 8 months away, it is never too early to start thinking about taxes. It may be far from the minds of most Canadians, let alone post-secondary students who just started the new school year. However, planning early can help post-secondary students take full advantage of the tax credits the
With the cost of post-secondary education and training programs rising, it is never too early to start saving for your child’s education. In an effort to help families get a head start, the B.C. Government is offering to contribute $1,200 to eligible children through the British Columbia Training and Education Savings Grant (BCTESG). The grant
To help families start planning and saving early for their children’s education after high school, the Government of British Columbia announced a new $1,200 BC Training and Education Savings Grant. When a B.C. resident child turns six years old, the Province of British Columbia will put $1,200 into the child’s Registered Education Savings Plan (RESP).