British Columbia Training and Education Savings Grant (BCTESG)
The Government of British Columbia introduced BCTESG in 2013. It’s a $1,200 one-time grant to eligible children born on or after January 1, 2006. When an eligible child turns 6 years old, the subscriber may be able to apply for the grant.
Saskatchewan Advantage Grant for Education Savings (SAGES)
TSAGES was a Saskatchewan incentive that lasted from 2013 to 2017. The incentive paid at a rate of 10% on contributions made to an RESP. It went up to $250 per beneficiary for each eligible year. The incentive lasted until December 31 of the year in which the beneficiary turns 17. SAGES payments per beneficiary could have reached a lifetime maximum of $4,500.
Although SAGES is no longer available, CIBC accepts transfer-ins that include SAGES.
For more information about government incentives, contact your CIBC advisor or call 1-800-465-3863Opens your phone app..