Canada Learning Bond (CLB)

Discover the RESP Grants you may be eligible to receive

Canada Learning Bond (CLB)*


The Canada Learning Bond* makes it easier for families to save for their child’s future education. Eligibility is based in part on family income and number of children.

If your child is eligible for the Canada Learning Bond (CLB), you will receive a one-time initial contribution of $500 to your child's RESP with an additional $100 for each year of eligibility until age 15. Lifetime maximum is $2,000 per child.

No additional money needs to be added to your child’s RESP to receive the CLB, as long as you’re eligible. Or, you can choose to keep building your child’s RESP with the CLB plus savings of your own.


FAQ’s on CLB

What is the Canada Learning Bond (CLB)?

The Canada Learning Bond provides a one-time initial grant payment of $500 to an eligible beneficiary's Registered Education Savings Plan. The Government will automatically add $100 for each year of eligibility until your child is 15 years old. Over time, that could add up to as much as $2,000 in grant payments, plus interest. Eligibility is based on net family income and number of children.

The adjusted net family income levels and number of children required to qualify for the July 1, 2019 to June 30, 2020 benefit year are:
 

Number of children Adjusted net family income for the 2019-2020 benefit year
1 to 3 Less than or equal to $47,630
4 Less than $53,740
5 Less than $59,876
6 Less than $66,011

 







How do I apply for the Canada Learning Bond (CLB)?


To apply for a CESG follow these simple steps:
  1. Register the birth or adoption of the child.
  2. Apply for a birth certificate for the child.
  3. Apply for a Social Insurance Number (SIN) for the child. Please visit https://www.canada.ca/en/employment-social-development/services/sin/apply.html for more information on the SIN application process.
  4. Open a Registered Education Savings Plan (RESP). Contributions are not required to apply for the CLB
  5. Download the appropriate form for your CLB application:
  • If you are a parent and/or legal guardian and are contributing to your child's RESP, download form HRSDE 0093 E (The original form must be forwarded to the RESP promoter).
  • If you are a grandparent, aunt, uncle or non-relative and are contributing to a child's RESP, download form SDE 0093 E – Annex B (The original form must be forwarded to the RESP promoter).
  • Please note that this form must accompany the main form SDE 0093 E.

 

I did not apply for the Canada Learning Bond right away when I first opened my RESP. Am I too late?

Not at all. Your beneficiary is eligible for the CLB commencing with the year of birth or the year your beneficiary became a Canadian resident. If you have not applied for the CLB right away, the Federal Government will still make payments for the previous years. All you need to do is to apply for the CLB.

 

How long do I have to apply for the Canada Learning Bond?

You have up until your beneficiary turns 18 to apply for the Canada Learning Bond, but the earlier you apply, the sooner the grant money will start to grow in an RESP.
 

Understanding the terms

CLB
"CLB" means the Canada Learning Bond which is the grant from the Government of Canada with the cumulative lifetime maximum of $2,000 per eligible Beneficiary.

For more terms visit our glossary page.
 

* Certain conditions apply, please see Prospectus for full details.