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

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)