Question:

who can get Canada Learning Bond?

by Guest5887 | 12 years, 8 month(s) ago

who can get Canada Learning Bond? Your child can get the $500 Canada Learning Bond plus an extra $100 per year up to age 15 if your child was born after December 31, 2003, and you get the National Child Benefit Supplement as part of the Canada Child Tax Benefit, commonly known as “family allowance” or “baby bonus.”

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amomipais82

Hi There,
Canada Learning Bond

The Canada Learning Bond (CLB) program contributes a $500 bond to Registered Education Savings Plans opened by families receiving the National Child Benefit Supplement under the Canada Revenue Agency's Canada Child Tax Benefit program.
Eligibility Information
The child's family must receive the National Child Benefit Supplement.

Children must meet the following criteria:
have been born on or after January 1, 2004
have a birth certificate
have a Social Insurance Number (SIN)
be a beneficiary under an RESP
reside in Canada
other criteria may apply
Application Information
Information on RESPs and CLB application procedures is available from banks, mutual fund and brokerage companies, insurance and trust companies, companies and foundations that specialize in education savings plans, and other financial institutions.
Financial Information
The children qualify for $100 Bond instalments until age 15 for each year their family is entitled to the Supplement.
The Bond is paid into an RESP established by the family.
The first Canada Learning Bond payment includes an additional $25 to help cover the cost of opening the RESP account.
Contact Information
General Inquiries: 1 888 276-3624
TTY: 1 866 260-7723

Hope it helps
Report (0) (0) | 12 years, 8 month(s) ago