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, without the requirement of contributions being made to the RESP. It is available to low or modest-income families.

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 government of Canada resources:

Registered Education Savings Plans and related benefits

Canada Learning Bond

CESG and CLB Not Payable to Non-Resident Beneficiary

Canada Education Savings Grant Regulations s. 10(3)

Note that if the beneficiary of the RESP is a non-resident at the time of Educational Assistance Payments, then the Canada Education Savings Grant (CESG) and CLB portions of the RESP cannot be paid. A beneficiary can be a student at a foreign educational institution and still be considered a Canadian resident in some cases. See our information on Canadian residents.