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:

Revised: July 19, 2010