Canada Learning Bond

Up to $2,000 free for your child

The Canada Learning Bond (CLB) program is a free education fund that seeks to help send more children to school and encourage more Canadians to pursue education opportunities. The bond provides up to $2,000 per child – an initial contribution of $500, with an additional $100 per year until the child turns 15.The CLB is a kick start contribution into a Registered Education Savings Plan (RESP) and can be received by eligible children with no requirement for contributions by their families. RESP savings grow tax-free until they are withdrawn to pay for full or part-time post-secondary education.

Eligibility: The child's family must receive the National Child Benefit Supplement.

Children must meet the following criteria:

  • have been born after December 31, 2003
  • have a birth certificate
  • have a Social Insurance Number (SIN)
  • be a beneficiary under an RESP
  • reside in Canada

More Information: www.canlearn.ca