Canada Learning Bond

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The Canada Learning Bond (CLB) is a grant offered by the Government of Canada to help parents, friends, and family members save early for the post-secondary education of children in modest-income families.

Beyond the Canadian Education Savings Grant (CESG) , Human Resources and Social Development Canada (HRSDC) provides an additional incentive of up to $2,000 to help modest‑income families start saving early for their child's education after high school (post‑secondary education). The Canada Learning Bond (CLB)[1] money will be deposited directly into the child's Registered Education Savings Plan (RESP).

For families entitled to the National Child Benefit (NCB) supplement for their child, the CLB will provide an initial $500 to children born on or after January 1, 2004. To help cover the cost of opening an RESP for the child, HRSDC will pay an extra $25 with the first $500 bond. Thereafter the CLB will also pay an additional $100 annually for up to 15 years for each year the family is entitled to the NCB supplement for the child.

There is a simple two-step process to apply for the Canada Learning Bond. See How do I apply for the Canada Learning Bond?

If the beneficiary does not pursue post‑secondary education, the CLB is returned to the government.


  1. Canada Revenue Agency, Canada Learning Bond (CLB), viewed July 3, 2009.

External links