The Canada Learning Bond (CLB) is a grant given by the Government of Canada to assist families to save for children’s education.

The grant will consist of $500 deposited into the RESP in the 1st year, plus $25 to help cover the cost of opening an RESP, and an additional $100 each year following up to the child’s age 15, provided:

  • The child was born after December 31, 2003 and,
  • The parent receives the National Child Benefit Supplement (NCBS) – generally for families with net annual family income below $37,885.