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Government of Ontario will give parents up to $250 per child To Catch Up

Ontario Education Minister Stephen Lecce announces parents can receive between $200 or $250 per child to help offset the cost of catching up in school after two years of disrupted learning.

Starting Thursday, parents with children up to 18 years old can apply at https://www.ontario.ca/page/catch-up-payments for $200, while parents with school-aged children with special education needs, up to the age of 21, can apply for $250.

These payments are part of a $365 million Plan to Catch Up, which the government first announced during the throne speech in August. 

However, details about how this lump sum of money would be divided were only recently released.

This is not the first time parents have received payouts from the Ford government. Last year, parents received $400 per child aged 0 to Grade 12 while parents with children who have special needs under the age of 21 received $500.

Sample Child Plan™ Cash and Insurance Value Illustration

Based on a Monthly Deposit of $250 per month

Age Accumulated Cash Value Life Insurance Value

20

$82,568 (Education)

$612,728

35

$177,953 (House)

$1,115,297

45

$303,299 (Security)

$1,115,297

65

$834,276 (Retirement)

$1,666,824

Sample illustration is for a child under age 1 based on a monthly deposit of $250 for twenty years. There will be no further contributions required after year twenty. The cash and insurance values are based on a dividend interest rate of 6% from a Canadian life insurance company.

Personalize Your Child Plan™

Request a Child Plan™ Illustration and see how much cash value your child will have for their education and for life.

*illustrations are reflective of the annual premium amount

To learn more how Child Plan™ will provide your child with the funds for their future education and financial security for life, book a virtual meeting with a Child Plan™ Advisor.