What is the Canada Learning Bond?
The Canada Learning Bond is $500 offered to help you start savings for your child's education after high school. Plus, your child could get an addition $100 every year until he or she turns 15 years old to a maximum of $2,000. The Canada Learning Bond does not require any parent contribution!
The money can be used to pay for full-time or part-time studies in:
- apprenticeship programs;
- colleges;
- trade schools; or
- universities.
All you need to do is sign up for a Registered Education Savings Plan with your bank and they will help you with the rest!
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