Canada Learning Bond (CLB)
An easier way to save for your children’s education
Canada Learning Bond (CLB)
An easier way to save for your children’s education
Money as a gift? Yes, thanks to the Canada Learning Bond (CLB)!
About the CLB
The Canada Learning Bond (CLB) is money that the Government of Canada deposits in a Registered Education Savings Plan (RESP) under a child’s name.
What Is the Purpose of the CLB?
Once the child has obtained a diploma of high school studies, the money helps to pay the costs of a child’s studies at:
- apprenticeship programs
- CEGEPs
- trade schools
- colleges
- universities
How much a child could receive
for the first year
RESPeach year
the child continues to be eligible up to the age of 15The Government of Canada contributes up to $2,000 to a RESP for an eligible child. This contribution includes: $500 for the first year of eligibility and $100 each year the child is eligible, up to the age of 15.
Important Information!
Up to $2,000 for an eligible child
No personal contributions to a RESP are required
We Can Help You
Attend information sessions or receive assistance from one of our counsellors and from our partner Desjardins in the CLB application process.
Contact a Counsellor
Complete this form and one of our counsellors will contact you shortly to give you an appointment or information regarding the next information session.
Information Sessions
Frequently Asked Questions
Eligibility for the CLB is based on criteria including:
- number of qualified children in the family
- child born on January 1, 2004 or after
- child is a Canadian resident
- valid social insurance number
- child is named as the beneficiary of a RESP
- comes from a low-income family
For example, for July 1, 2022 to June 30, 2023, for a family which includes 1 to 3 children, income must be less than or equal to $50,000.
A RESP can stay open until the end of its 35th year. If a child does not continue his or her education after high school and the RESP is closed:
- any amount contributed to the RESP goes back to the subscriber
- the CLB and the Canada Education Savings Grant go back to the Government of Canada
Related Information :
