Boost your loved ones' future today
To help families start planning and saving early for post-secondary education, the Government of British Columbia will contribute $1,200 for eligible children through the B.C. Training and Education Savings Grant (BCTESG).
For more information, visit the Government of BC.
The first step to apply for the B.C. Training and Education Savings Grant is to schedule an appointment.
- The child must be born in 2006 or later and must be between 6 and 9 years old to apply (while the program is being implemented, children born before August 15, 2009 have an extension to apply for the grant; speak to us for details);
- A Parent or Legal Guardian and the child must be residents of British Columbia; and
- The child is the beneficiary of a Registered Education Savings Plan (RESP) with a participating financial institution such as HSBC Investment Funds (Canada) Inc. No investment required.
How to apply
Open an RESP account
Speak with an HSBC Investment Funds (Canada) Inc. Mutual Fund Advisor.
Or call 1-800-830-8888
Apply for the grant
The application form will be completed at the time you open the RESP account.
- Valid British Columbia driver’s license;
- British Columbia Identification Card;
- British Columbia Services Card (new BC CareCard and driver’s license which will be fully implemented in 2018);
- British Columbia utility bill (dated within the last 3 months and listing the current address of the custodial parent or legal guardian) for electricity, gas, phone, cable, water or garbage.
If the subscriber of the account is not a B.C. resident and is not a parent or legal guardian, such as grandparents or other relatives, they may still apply for the grant as long as they meet the requirement that one of the parent/legal guardian and the beneficiary are B.C. residents and one parent/guardian must provide one of the acceptable proofs of residency.
Allow approximately 6 to 8 weeks after we have processed the application form for the receipt of the grant.
Value of Education
HSBC’s global Value of Education survey explores parents’ hopes and expectations for their children’s education and beyond.
HSBC Global Asset Management (Canada) limited ("AMCA") is the manager and primary investment advisor for the HSBC Mutual Funds. HSBC Investment Funds (Canada) Inc. ("HIFC") is the principal distributor of the HSBC Mutual Funds. HSBC Mutual Funds are also distributed through other authorized dealers. Commissions, trailing commissions, management fees and expenses may be associated with investments in the HSBC Mutual Funds. HSBC Mutual Funds are not guaranteed or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other deposit insurer. Their values change frequently and past performance may not be repeated. The unit value of money market funds may not remain constant. Please read the HSBC Fund Facts before applying to invest in the HSBC Mutual Funds.
HIFC is a direct subsidiary of AMCA and an indirect subsidiary of HSBC Bank Canada, and provides its services in all provinces of Canada except Prince Edward Island. AMCA is a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada and provides its services in all provinces of Canada except Prince Edward Island.