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Vancouver IslandUniversity

Canada Learning Bond @ VIU

Canada Learning Bond

What is the Canada Learning Bond?

The Canada Learning Bond (CLB) offers up to $2000 towards post secondary education for youth from modest-income families born on or after 2004. If an individual is eligible for the CLB, a one-time initial payment of $500 will be deposited into a Registered Education Savings Plan (RESP)  with an additional $100 for each year of eligibility up to age 15.

Am I eligible?

An individual is eligible for the Canada Learning Bond (CLB) if they:

  • are from a modest-income family (see chart below)
  • are born on or after January 1, 2004
  • are a resident of Canada
  • have a valid Social Insurance Number (SIN)
  • have a birth certificate
  • are named in a Registered Education Savings Plan (RESP)

 Information for those under 18 / Information for those over 18

income eligibility chart by number of children in household / eligible household income. 1-3 children = less or equal to 50,197, 4 children = 56,363, 5 children = 63,101, 6 children = 69,567, 7 children = 76,032, 8 children = 82,498, 9 children = 88,963

How to get a RESP

Those under 18 need a parent to open a RESP where the Canada Learning Bond is deposited. This is done through a bank or credit union. If you are over 18 you can open a RESP yourself. A parent or guardian must have filed their income tax to open an RESP. A free community tax clinic is available in Nanaimo.

contact us

Sign Up

Contact VIU Canada Learning Bond project at: or call 236.628.072 

The CLB coordinator will explain the Canada Learning Bond process, answer any questions you may have, and help you set up an appointment with a bank or credit union of your choice to open a RESP.

Make an appointment with a CLB Coordinator at VIU

Link to the Canada Learning Bond section of the federal government's website

Link to the Canada Learning Bond section of Wealthsimple's website

Link to the Canada Learning Bond section of SmartSaver's website

This project is funded by the government of Canada’s Canada Learning Bond program

Ce projet est financé par le Gouvernement du Canada par le Programme de Bon d’études canadien