Revised income brackets for the Canada Learning Bond for the July 1, 2024 to June 30, 2025 benefit year
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Information bulletin
Number: CESP/PCEE-2024/25-001-1044
Date: June 4, 2024
Subject: Revised income brackets for the Canada Learning Bond (CLB) for the July 1, 2024 to June 30, 2025 benefit year
Previous bulletin or notice
This information bulletin updates notice # 1000 - Revised income brackets for the Canada Learning Bond (CLB) for the July 1, 2023 to June 30, 2024 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, 2024 to June 30, 2025, 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 2024 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, 2024 to June 30, 2025 benefit year.
Adjusted income brackets for the 2024 to 2025 benefit year
As such, for the July 1, 2024 to June 30, 2025 benefit year, eligibility for the CLB will be based, in part, on the following:
| Number of children | Income bracket range | Adjusted income level |
|---|---|---|
| 1 to 3 | Less than or equal to | $55,867 |
| 4 | Less than | $63,036 |
| 5 | Less than | $70,234 |
| 6 | Less than | $77,433 |
| 7 | Less than | $84,631 |
| 8 | Less than | $91,829 |
| 9 | Less than | $99,027 |
| 10 | Less than | $106,225 |
| 11 | Less than | $113,424 |
| 12 | Less than | $120,622 |
| 13 | Less than | $127,820 |
| 14 | Less than | $135,018 |
| 15 | Less than | $142,216 |
| 16 | Less than | $149,415 |
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 notice, please contact us:
- by using our online contact page
- by telephone at 1‑888‑276‑3624
- by email at cesp-pcee@hrsdc-rhdcc.gc.ca
Our business hours are from 8 am to 5 pm, Eastern Time.
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