Earlier this month, the British Columbia government announced that "starting in 2007, a Children's Education Credit of $1,000 will be put in trust for every newborn in B.C. for when they are ready for post-secondary education. The credit will grow with interest through their lives and contribute to their choice of learning after high-school graduation." But where did the idea for that program come from, you may wonder? One possible answer: east of the Rock Mountains. In January 2005, the Klein administration rolled out the Alberta Centennial Education Savings Plan. At the time, the government said it "make available $500 towards a Registered Education Savings Plan (RESP) for every child born to or adopted by Alberta residents in 2005 and after. Subsequent grants of $100 will be available to children attending school in Alberta at ages 8, 11 and 14, starting in 2013."
November 28, 2006