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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.

Gouvernement du Canada

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

RESP
500 $
  •  

each year

the child continues to be eligible up to the age of 15
100 $
  •  

The 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.

Desjardins

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

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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

See also

Need to contact us?

Leave us your contact details and a member of our team will be happy to answer your questions.

See also

Need to contact us?

Leave us your contact details and a member of our team will be happy to answer your questions.

See also

Need to contact us?

Leave us your contact details and a member of our team will be happy to answer your questions.

Form pré-inscription francisation - EN

Pre-registration Form

THIS IS NOT REGISTRATION. Depending on your eligibility and course availability, we will contact you in the upcoming days for more information. This form is only valid for the spring 2023 session (April 3 – June 18, 2023). Filling out this form does not guarantee your registration.