Canada Learning Bond – How much could a child receive?
3. How much could a child receive?
A child could receive a total of up to $2,000 in a Registered Education Savings Plan (RESP) to help pay for their education after high school.
- $500 for the first year of eligibility; and
- $100 for each year they remain eligible, until the calendar year they turn 15.
In addition, the Government of Canada will deposit $25 in an RESP to help cover the costs of opening the plan.
A child can get the Canada Learning Bond in an RESP even if you do not contribute any money to the plan.
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