TaxTips.ca
Canadian Tax and
Financial Information
Canada Learning Bond

TaxTips.ca does not research or endorse any product   or service appearing in ads on this site.  Before making a major financial decision you  should consult a qualified professional.

Looking for US tax information?
See
USTaxTips.net

Need an accounting, tax or financial advisor? Look in our Business Directory.     Stay Connected with TaxTips.ca!  Internet Explorer - Use compatibility view for calculators to work properly!

Home
What's New
Calculators
Personal Tax
Business
Sales Taxes
Free in 30!
Financial Planning
RRSP RRIF TFSA
Real Estate
Stocks Bonds etc.
Seniors
Disabilities
Canada
Alberta
British Columbia
Manitoba
Ontario
Quebec
Saskatchewan
Atlantic Provinces
Territories
Federal Budget
Provincial Budgets
Statistics etc.
Glossary
Site Map
Business Directory
Advertise With Us
Contact Us/About Us
Links & Resources


Registered Education Savings Plans (RESPs) -> Canada Learning Bond (CLB)

Canada Learning Bond (CLB)

Canada Education Savings Act s. 6

The Canada Learning Bond is a Government of Canada grant which is paid directly into a child's RESP.  It is available to families who are receiving the National Child Benefit (NCB) as a supplement to their Canada Child Tax Benefit (CCTB), for children born after 2003.

 

The initial CLB payment is $500.  The child can receive annual $100 CLB payments up to age 15, for each year in which the family is entitled to the NCB supplement.  The maximum CLB that can be received by a child is $2,000.

Your RESP provider will apply for the CLB on your behalf.

For more information, see the following resources:

bullet Service Canada - Canada Learning Bond
bulletGovernment of Canada CanLearn - Canada Learning Bond
bullet Canada Revenue Agency (CRA) - Canada Learning Bond

 

Revised: August 02, 2013

 

Copyright © 2002 - 2014 Boat Harbour Investments Ltd. All Rights Reserved  See Reproduction of information from TaxTips.ca

Facebook | Twitter | Google + | Monthly Newsletter Sign-up | What’s New E-mail Notification | RSS News Feed
The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage.  See our Business Directory for tax, accounting and finance-related firms in your area.
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.