Canada Learning Bond
About this resource
Employment and Social Development Canada (ESDC) provides an additional incentive of up to $2,000 to help low-income families start saving early for their child's education after high school (post-secondary education).
The Canada Learning Bond (CLB) money will be deposited directly into the child's registered education savings plan (RESP).
The CLB is available for eligible children from low-income families born in 2004 or later and provides an initial payment of $500 for the first year the child is eligible, plus $100 for each additional year of eligibility, up to age 15, for a maximum of $2,000. Personal contributions are not required to receive the CLB. To help cover the cost of opening an RESP, ESDC will pay $25 into the RESP to which the initial CLB of $500 is deposited in recognition of a one-time incidental expense that may be associated with opening the RESP account.
Children who are in care of a public primary caregiver for whom a special allowance under the Children's Special Allowance Act is paid, are also entitled to the CLB.
Youth who meet the minimum age requirement to open an RESP in their province of residence can be their own subscriber of an RESP and request the CLB for themselves.
The beneficiary must be under the age of 21 at the time of application.
If the beneficiary does not pursue post-secondary education, the CLB is returned to the government.
The Canada Learning Bond (CLB) money will be deposited directly into the child's registered education savings plan (RESP).
The CLB is available for eligible children from low-income families born in 2004 or later and provides an initial payment of $500 for the first year the child is eligible, plus $100 for each additional year of eligibility, up to age 15, for a maximum of $2,000. Personal contributions are not required to receive the CLB. To help cover the cost of opening an RESP, ESDC will pay $25 into the RESP to which the initial CLB of $500 is deposited in recognition of a one-time incidental expense that may be associated with opening the RESP account.
Children who are in care of a public primary caregiver for whom a special allowance under the Children's Special Allowance Act is paid, are also entitled to the CLB.
Youth who meet the minimum age requirement to open an RESP in their province of residence can be their own subscriber of an RESP and request the CLB for themselves.
The beneficiary must be under the age of 21 at the time of application.
If the beneficiary does not pursue post-secondary education, the CLB is returned to the government.
Details
Resource type
Education, Government of Canada
Disabilities
Acquired Brain Injury, Autism Spectrum Disorder, Autonomic Dysfunctions/Dysautonomia, Behaviour Disorders and Conditions (ie. ADHD), Blind / Visual Impairment, Cerebral Palsy, Chronic Pain, Circadian Rhythm Disorders , Deaf / Hard of Hearing, Deaf-Blind, Down Syndrome , Dual Diagnosis, Epilepsy / Seizure Disorder, Fetal Alcohol Syndrome / Spectrum Disorders , Intellectual / Developmental Disability, Learning Disorder / Disability, Long-COVID/Myalgic Encephalomyelitis, Mental Health , Neuromuscular Disorders, Other / I don't know, Paraplegia / Quadriplegia, Physical Disability / Mobility Impairment, Schizophrenia , Speech Impairment / Social / Communication Disorders, Spina Bifida, Substance Use/Addiction
Age
0-15
Eligibility
Check website for eligibility.
Location
Regions
Cariboo Chilcotin Coast, Fraser North, Fraser South, Fraser Valley, Greater Vancouver, Kootenays, North East, North West, Sunshine Coast / Squamish-Lillooet, Thompson Okanagan, Vancouver Island Central, Vancouver Island North, Vancouver Island South
Cities
108 Mile Ranch, 150 Mile House, 70 Mile House, Abbotsford, Agassiz, Ainsworth Hot Springs, Aldergrove, Alert Bay, Alexis Creek, Anahim Lake, Anglemont, Anmore, Apex Mountain Resort, Appledale, Armstrong, Arras, Arrow Creek, Ashcroft, Atlin , Avola, Balfour, Bamfield, Bankeir, Barkerville, Barriere, Baynes Lake, Bear Lake, Beaverdell, Belcarra, Bella Bella, Bella Coola, Big White Ski Resort, Black Creek, Blind Bay, Blue River, Boston Bar, Bowen Island, Bowser , Brentwood Bay, Bridal Falls, Bridge Lake, Britannia Beach, Buckhorn, Buick, Burnaby, Burns Lake, Burton, Cache Creek, Campbell River, Canal Flats, Canyon, Castlegar, Cawston, Celista, Charlie Lake, Chase, Chemainus, Cherryville, Chetwynd, Chilliwack, Christina Lake, Clearwater, Clinton, Coalmont, Cobble Hill, Coldstream, Colwood, Comox, Coquitlam, Courtenay, Cowichan Bay, Cranbrook, Crawford Bay, Crescent Valley, Creston, Crofton, Cultus Lake, Cumberland, D'Arcy, Davis Bay, Dawson Creek, Dease Lake, Delta, Denman Island, Dome Creek, Donald, Duncan, Eagle Bay, Eagle Creek, Earls Cove, Edgewater, Edgewood, Egmont, Elkford, Elko, Enderby, Erickson, Errington, Esquimalt, Fairmont Hot Springs, Falkland, Fanny Bay, Fauquier, Fernie, Fernie Alpine Resort, Field, Forest Grove, Fort Fraser, Fort Nelson, Fort St. James, Fort St. John, Fort Steele, Fraser Lake, Fruitvale, Gabriola Island, Galiano Island, Gambier Island, Garden Bay, Garibaldi Highlands, Genelle, Gibsons, Gillies Bay, Gingolx, Gold Bridge, Gold River, Golden, Grand Forks, Granisle, Grasmere, Greenwood, Grindrod, Halfmoon Bay, Harrison Hot Springs, Hazelton, Hedley, Heriot Bay, Hixon, Holberg, Honeymoon Bay, Hope, Hornby Island, Horsefly, Hosmer, Houston, Hudson’s Hope, Invermere, Iskut, Jaffray, Kaleden, Kamloops, Kaslo, Kelowna, Kemano , Keremeos, Kicking Horse Mountain Resort, Kimberley, Kimberley Alpine Resort, Kispiox, Kitimat, Kitwanga, Klemtu, Kootenay Bay, Kyuquot, Lac La Hache, Lac La Jeune, Ladner, Ladysmith, Lake Country, Lake Cowichan, Lake Errock, Langdale, Langford, Langley, Lantzville, Lasqueti Island, Likely, Lillooet, Lindell Beach, Lions Bay, Little Fort, Logan Lake, Lone Butte, Lumby, Lytton, Mackenzie, Madeira Park, Malakwa, Manning Park, Mansons Landing, Maple Ridge, Masset, Mayne Island, McBride, McLeod Lake, Meadow Creek, Merritt, Merville , Metchosin, Mica Creek, Mica Creek, Midway, Mill Bay , Mission, Moberly Lake, Monte Lake, Montrose, Moricetown, Mount Currie, Mount Washington Alpine Resort, Moyie Lake, Nakusp, Nanaimo, Nanoose Bay, Naramata, Nelson, New Aiyansh, New Denver, New Hazelton, New Westminster, Newton, Nimpo Lake , North Saanich, North Vancouver, Ocean Falls, Okanagan Falls, Olalla, Oliver, Osoyoos, Oyama, Panorama Mountain Village, Parksville, Peachland, Pemberton, Pender Harbour, Pender Island, Penticton, Pinantan Lake, Pitt Meadows, Port Alberni, Port Alice, Port Clements, Port Coquitlam, Port Edward, Port Hardy, Port McNeil, Port Moody, Port Renfrew, Pouce Coupe, Powell River, Prince George, Prince Rupert, Princeton, Pritchard, Procter, Puntzi Lake, Qualicum Beach, Quathiaski Cove, Queen Charlotte , Queens Bay, Quesnel, Radium Hot Springs , Red Mountain Resort, Revelstoke, Revelstoke Mountain Resort, Richmond, Roberts Creek, Rock Creek, Rolla , Rosedale, Rossland, Royston, Saanich, Saanichton, Salmo, Salmon Arm, Salt Spring Island, Saltery Bay, Sandspit, Saturna Island, Savona, Sayward, Scotch Creek, Sechelt, Seton Portage, Shalalth, Shawnigan Lake, Shearwater, Sicamous, Sidney, Silver Star Mountain Resort, Silverton , Skidegate, Skookumchuck, Slocan, Smithers, Sointula , Sooke, Sorrento, Sparwood, Spences Bridge, Squamish, Stewart, Summerland, Sun Peaks Resort, Sunset Prairie, Surrey, Swartz Bay, Tahsis, Tappen, Tatla Lake, Taylor, Telegraph Cove, Telegraph Creek, Telkwa, Terrace, Tete Jaune Cache, Texada Island, Thetis Island, Thompson Sound, Thornhill, Toad River, Tofino, Topley , Trail, Tsawwassen, Tulameen, Tumbler Ridge, Ucluelet, Union Bay, Valemount, Vancouver, Vanderhoof, Vavenby, Vernon, Victoria, View Royal, Wardner, Warfield, Wasa, Wells , West Kelowna, West Vancouver, Whaletown, Whistler, Whistler Blackcomb, White Rock, Whitewater Ski Resort, Williams Lake, Windermere, Winfield, Winlaw, Winter Harbour, Woss, Wynndel, Yale, Ymir, Zeballos
Share resource