Canada Learning Bond (CLB)

Families with children born in 2004 or later whose parent or guardian receives the National Child Benefit (NCB) Supplement (less than $37,178* net income) qualify for the Canada Learning Bond (CLB)†.

The Canada Learning Bond provides a one-time initial contribution of $500 to an eligible child's Registered Education Savings Plan (RESP). If the parents or guardians continue to qualify and receive the NCB Supplement, the government will also provide an additional $100 for each year of eligibility until age 15.

Over time, that could add up to as much as $2,000 in grant payments, plus interest. 

Canada Learning Bond Summary Chart

 
Initial Payment $500
Additional Payment per year, up to a maximum of 15 years $100 per year, up to $1,500
Lifetime maximum CLB grant you may qualify for** $2,000

 

To apply for the Canada Learning Bond:

  1. Register the birth or adoption of the child.
  2. Apply for a birth certificate.
  3. Apply for a Social Insurance Number (SIN) for the child. You can download the SIN application form here.
  4. Open a Registered Education Savings Plan (RESP) with an RESP provider, such as Heritage Education Funds.
  5. Download the appropriate form for your CLB application:
  • If you are a parent or legal guardian and will be contributing to your child's RESP, download form HRSDC 0073 E 
  • If you are a grandparent, aunt, uncle or non-relative and will be contributing to a child's RESP, download form HRSDC 0071 E

For more information on the Canada Learning Bond, please call our Customer Service Team at 1.800.739.2101 or send us an email at customercare@heritageresp.com.

For additional sources of information, please visit this Government of Canada website.

 

†Certain conditions apply, see Prospectus of your Plan for full details.
*Based on 2007 indexation rates. This amount will be indexed to inflation for subsequent taxation years.
** To receive lifetime maximum CLB, you must meet criteria of receiving the NCB Supplement for all years.