Canada Learning Bond (CLB)
Families with children born in 2004 or later whose parent or guardian receives the National Child Benefit (NCB) Supplement (less than $38,832* net income) qualify for the Canada Learning Bond (CLB)†.
The Canada Learning Bond provides a one-time initial contribution of $500 to an eligible child’s Registered Education Savings Plan (RESP). If the parents or guardians continue to qualify and receive the NCB Supplement, the government will also provide an additional $100 for each year of eligibility until age 15.
Over time, that could add up to as much as $2,000 in grant payments, plus interest.
Canada Learning Bond Summary Chart
| Initial Payment | $500 |
| Additional Payment per year, up to a maximum of 15 years | $100 per year, up to $1,500 |
| Lifetime maximum CLB grant you may qualify for** | $2,000 |
To apply for the Canada Learning Bond:
- Register the birth or adoption of the child.
- Apply for a birth certificate.
- Apply for a Social Insurance Number (SIN) for the child. You can download a SIN application here.
- Open a Registered Education Savings Plan (RESP) with an RESP provider, such as Heritage Education Funds.
- Download the appropriate form for your CLB application:
- If the parent is subscribing, please use Form SDE 0073 01-09 E)
- Form 73 Step By Step Guide to completing Form SDE 0073 01-09 E Government Application Form
- If a Grandparent, Aunt or Uncle or a non-relative is subscribing, use Form SDE 0071 01-09 E)
- Form 71 Step By Step Guide to completing Form SDE 0071 01-09 E Government Application Form
For more information on the Canada Learning Bond, please call our Customer Service at 778-552-5218 or send us an email to admin@saviifinancial.com.
†Certain conditions apply, see Prospectus of your Plan for full details.
*Based on 2008 indexation rates. This amount will be indexed to inflation for subsequent taxation years.
** To receive lifetime maximum CLB, you must meet criteria of receiving NCB Supplement each year.
