Horrible Statistic: Canadian Parents are Leaving Millions of Dollars in Government Grant Money on the Table

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Human Resources and Skills Development Canada (HRSDC) has published a report on parents and children using RESPs to save for their post secondary education called the “Formative Evaluation of the Additional Canada Education Savings Grant and Canada Learning Bond“.

In this report there are some horrible statistics about the uptake of the Canada Educations Savings Grant (CESG) and the Canada Learning Bond (CLB). Parents are leaving millions of dollars of free grant money on the table when it comes to saving for their children’s education.

Exhibit 2.1 and Exhibit 2.3 in the report shows that only 36% of eligible children in Canada receive the CESG grant and only 15% of eligible children receive the CLB grant.

This is literally millions of dollars in free money that the Government of Canada wants to give to parents for their children’s education… and less than 1/3 are taking it!! The Government of Canada is practically begging people to take this money and nobody is doing it. This month, they will send this letter and have just launched this video to try and reach more parents.

Who Can Receive This Free Grant Money?

CESG Grant Eligibility
If you have a child 15 years old or less you are eligible. There is up to $7,200 of CESG grant money available for every child in Canada.

CLB Grant Eligibility
If your child is born in 2004 or later and you receive the National Child Benefit Supplement you are eligible to receive the CLB grant. There is up to $2,000 of CLB grant money available for every qualifying child in Canada.

BONUS
** If you are receiving the National Child Benefit Supplement I can show you how to make an additional 20%-30% of guaranteed extra money each month by combining it with the CESG grant.

You simply can not afford to leave this free grant money on the table when the Government of Canada is trying so hard to give it to you for your kids to go to school.

How To Receive This Free Government Money?

To start receiving this free government grant money for your children is very easy and takes less than 2 minutes. If you are in the Vancouver area I can meet at your home or work or coffee shop and get you set up. If you are somewhere else in BC, contact me and I can help you get set up by phone.