Canada Learning Bond (CLB)
Make it easier to save for your children’s education.
Canada Learning Bond (CLB)
Make it easier to save for your children’s education.
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 Elements!
Up to $2,000 for an eligible child
No personal contributions to a RESP are required
We Can Help You
Venez assister aux séances d’information ou bénéficiez d’un accompagnement de la part de nos conseillers et de notre partenaire Desjardins dans vos démarches d’adhésion au BEC.
Frequently Asked Questions
To be eligible for the CLB, the beneficiary must:
- be born on January 1, 2004, or after
- be a resident of Canada
- have a valid Social Insurance Number
- be named as the beneficiary of a RESP
- be from a low-income family
For example, for the period extending from 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 the beneficiary’s 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
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