Canada Learning Bond for those under 18 years old – About the Bond

From: Employment and Social Development Canada

1. About the bond

The Canada Learning Bond (CLB) is money that the Government adds to a Registered Education Savings Plan (RESP) for children from low-income families. This money helps to pay the costs of a child’s full- or part-time studies after high school at:

  • apprenticeship programs
  • CEGEPs
  • trade schools
  • colleges
  • universities

See a list of designated educational institutions.

No personal contributions to an RESP are required to receive the CLB.

How much a child could get

The Government of Canada contributes up to $2,000 to an RESP for an eligible child. This includes:

  • $500 for the first year of eligibility
  • $100 each year the child continues to be eligible (up to and including the benefit year in which they turn 15)
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