Canada Learning Bond for 18 to 20 year olds – About the Canada Learning Bond
From: Employment and Social Development Canada
1. About the Canada Learning Bond
The Canada Learning Bond (CLB) is money that the Government of Canada adds to a registered education savings plan (RESP) to help children from low-income families pay for their education after high school.
The CLB can be used to help pay the costs of full- or part-time studies in various programs and schools, including:
- apprenticeship programs
- Collège d'enseignement général et professionnel (CEGEPs)
- trade schools
See a list of designated educational programs and school.
How much you could get
With the CLB, you could get up to $2,000 into an RESP.
The amount of money you will receive depends on the number of years you were eligible to receive the CLB, before you turned 15 years old.
If you were eligible for the CLB and have not received it yet, the Government of Canada will deposit into an RESP:
- $500 for the first year that you were eligible, and
- $100 for each additional year you were eligible up to the age of 15
You do not need to add money to an RESP to receive the CLB.
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