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Canada Learning Bond Program

Welcome!

Park West School Division is proud to be part of a two-year pilot project, the Canada Learning Bond Uptake Program, aimed at educating and assisting families to save for their children’s future education.

The Canada Learning Bond (CLB) is money that the Government of Canada deposits into a Registered Education Savings Plan (RESP) to help you save for your child’s education after high school. The total amount the Government deposits can be up to $2,000. Applying for and receiving the Canada Learning Bond will NOT affect any other benefits that you or an eligible child receives. Through the CLB, the Government will add money to the RESP for an eligible child every year, even if you do not make any financial contributions of your own.

The Canada Learning Bond is available to children born on or after January 1, 2004;

  • who are residents of Canada,

  • who have a valid Social Insurance Number, and

  • who are from low-income families.

For more information on eligibility, visit https://www.canada.ca/en/employment-social-development/services/learning-bond/eligibility.html

 

We are here to guide you through the process and help with any of the following:

  • determine if you qualify

  • provide support in obtaining all necessary documentation

  • assistance obtaining a SIN number

  • setting up an RESP

  • applying for the Canadian Learning Bond

  • assistance with filing your income tax

If you would like to request the assistance of one of our Project Leaders, please fill in the request form and someone will contact you as soon as possible.

A child could receive a total of up to $2,000 in a Registered Education Savings Plan (RESP) to help pay for their education after high school. This includes $500 for the first year of eligibility and $100 for each year they remain eligible until the calendar year they turn 15.

If you are between 18 and 20, you can apply as soon as you turn 18, and you have until the day before you turn 21 to apply.

We are also excited to be able to offer a $100 grocery gift card to the first 400 children who are successfully enrolled. We are happy to answer any questions or assist you in any way.

This project is funded by the government of Canada’s Canada Learning Bond Program.

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