Education savings help
The Canada Learning Bond (CLB) is a $500 grant offered to help you start saving for your child's education after high school. Additionally, your child could receive an additional $100 every year until they turn 15 years old to a maximum of $2,000.
Application
To receive this grant you must open a Registered Education Savings Account (RESP) though a participating RESP promoter with your child named as the beneficiary of the account. RESP Promoters
Eligibility and Requirements
- Child is born on or after January 1, 2004
- A resident of Canada
- Valid Social Insurance Number
- Net Family Income based upon number of children in the household. Income Eligibility Amount
The money can be used to pay for full-time or part-time studies in:
- apprenticeship programs
- colleges
- trade schools or
- universities
Additional Grants
If your child is between the ages of 6-9, you can also receive the British Columbia Training and Education Savings Grant which is an additional $1200.
