Notice #870 – Revised income brackets for the Canada Learning Bond (CLB) for the July 1, 2020 to June 30, 2021 benefit year

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Information bulletin

Number:  CESP/PCEE-2020/21-002-870
Date: May 29, 2020
Subject: Revised income brackets for the Canada Learning Bond (CLB) for the July 1, 2020 to June 30, 2021 benefit year

Previous bulletin

This information bulletin updates notice # 819 – Revised income brackets for the Canada Learning Bond (CLB) for the July 1, 2019 to June 30, 2020 benefit year.

Purpose

The purpose of this information bulletin is to inform promoters and trustees that the income brackets used, in part, to determine eligibility for the CLB have been indexed for the July 1, 2020 to June 30, 2021, benefit year.

Background

The CLB is subject to section 6 (1) of the Canada Education Savings Act which uses, in part, the adjusted income of a beneficiary’s individual primary caregiver to determine eligibility for the CLB. These amounts are indexed yearly, based on inflation.

The Canada Revenue Agency has released the 2020 indexation adjustment for personal income tax and benefit amounts. Due to this indexation adjustment, income brackets for the CLB eligibility have been established for July 1, 2020 to June 30, 2021 benefit year.

Adjusted income bracket for the 2020 to 2021 benefit year

As such, for the July 1, 2020 to June 30, 2021 benefit year, eligibility for the CLB will be based, in part, on the following:

Number of children Adjusted income bracket for the
2020 to 2021 benefit year
1 to 3 Less than or equal to $ 48,535
4 Less than $ 54,764
5 Less than $ 61,016
6 Less than $ 67,268
7 Less than $ 73,521
8 Less than $ 79,773
9 Less than $ 86,025
10 Less than $ 92,277
11 Less than $ 98,530
12 Less than $ 104,782
13 Less than $ 111,034
14 Less than $ 117,286
15 Less than $ 123,539
16 Less than $ 129,791
Note: larger families with higher adjusted incomes may also be eligible for the CLB. Information relating to CLB eligibility for larger families with higher adjusted incomes is available on request.

Contact us

If you have any questions regarding this information bulletin, please contact us by e-mail at cesp-pcee@hrsdc-rhdcc.gc.ca or by telephone at 1-888-276-3624. Our hours of operation are from 8 am to 5 pm, Eastern Time.

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