Canada Learning Bond (CLB)
The Canada Learning Bond (CLB) is money that the Government of Canada deposits directly into a child’s Registered Education Savings Plan (RESP) account to help parents get a head start on saving for their child’s education after high school.
After high school, your child can withdraw the money to help pay for either full-time or part-time studies:
- in an apprenticeship program;
- at a CEGEP;
- at a trade school;
- at a college; or
- at a university.
Eligibility
The Canada Learning Bond is available to children:
- who were born after December 31, 2003; and
- whose families receive the National Child Benefit Supplement (The Supplement is over and above the Canada Child Tax Benefit and is usually received by lower-income families).