CLB - Canada Learning Bond

Get $500 for a Child’s Education After High School

The Canada Learning Bond (CLB) is a grant offered by the Government of Canada to help parents, friends, and family members save early for the post-secondary education of children in modest-income families.

Who Can Get the Canada Learning Bond?

The Canada Learning Bond is available to children who meet specific criteria outlined by the Canada Education Savings Program. Check out Canlearn.ca to find out who qualifies for the bond.

How Much Money Could I Get from the Canada Learning Bond?

The Government of Canada will make a one-time payment of $500 into the RESP of children who qualify for the Canada Learning Bond and a $100 deposit each subsequent year the child’s primary caregiver receives the National Child Benefit Supplement, to a maximum of $2,000. Canlearn.ca offers more information regarding the amount of CLB the child could receive.

Applying for the Canada Learning Bond

There is a simple two-step process to apply for the Canada Learning Bond. Visit Canlearn.ca to find out how to apply for the bond.

Using the Canada Learning Bond

Once the beneficiary is enrolled in a qualifying educational program, he or she is eligible to receive Educational Assistance Payments (EAPs). EAPs are comprised of a percentage of the Canada Learning Bond, CESG, and income earned in the RESP.

If the beneficiary of your RESP decides not to continue education after high school or enroll in a qualifying educational program, visit Canlearn.ca to find out what to do with the unused CLB money.

Still have questions about the Canada Learning Bond? Detailed information about the CLB, as well as Registered Education Savings Plans and the Canada Education Savings Grant, is available on Canlearn.ca.

If you have any further questions or comments, contact us.