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

ON government gives parents upto $250

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 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 illustration of Child Plan™ Cash and Insurance Values

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 based on a monthly contribution of $8.32 a day/$250 a month for twenty years, starting when the child is less than 1 years old. Cash and life insurance values are based on the current dividend interest rate of 6% from a Canadian life insurance company. This example is strictly for illustrative purposes only, the annual dividend scale is not guaranteed and values may differ.

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*illustrations are reflective of the annual premium amount

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