Notice #905 – Revised income brackets for the Canada Learning Bond (CLB) for the July 1, 2021 to June 30, 2022 benefit year

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Information bulletin

Number: CESP/PCEE-2021/22-004-905

Date: June 09, 2021

Subject: Revised income brackets for the Canada Learning Bond (CLB) for the July 1, 2021 to June 30, 2022 benefit year

Previous bulletin or notice

This information bulletin updates notice #870 – Revised income brackets for the Canada Learning Bond (CLB) for the July 1, 2020 to June 30, 2021 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, 2021 to June 30, 2022, 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 2021 indexation adjustment for personal income tax and benefit amounts. Due to this indexation adjustment, income brackets for the CLB eligibility have been established for the July 1, 2021 to June 30, 2022 benefit year.

Adjusted income bracket for the 2021 to 2022 benefit year

As such, for the July 1, 2021 to June 30, 2022 benefit year, eligibility for the CLB will be based, in part, on the following:

Adjusted income bracket for the 2021 to 2022 benefit year
Number of children Income bracket range Adjusted income level
1 to 3 Less than or equal to $49,020
4 Less than $55,311
5 Less than $61,626
6 Less than $67,942
7 Less than $74,257
8 Less than $80,572
9 Less than $86,888
10 Less than $93,203
11 Less than $99,518
12 Less than $105,834
13 Less than $112,149
14 Less than $118,464
15 Less than $124,780
16 Less than $131,095

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.

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