Education
Federal
One-Time
Canada Learning Bond
Worth up to
$2,000/year
What is it?
Free money from the Government of Canada to help pay for education after high school. No contributions required — just open an RESP.
Up to $2,000 per child ($500 initial + $100/year until age 15)
Who is it for?
- Family income under $53,359
- Must have children under 15
- Must file an income tax return
How to Apply
- 1Get a Social Insurance Number (SIN) for your child
- 2Open an RESP account at a bank, credit union, or certified provider
- 3Apply for the Canada Learning Bond when opening the RESP
- 4The bond is automatically deposited into the RESP
Documents You May Need
Child's birth certificate or proof of birth
Child's Social Insurance Number
Parent/guardian's SIN and ID
Proof of income (tax return)
Related Benefits
$7,787
Canada Child Benefit
A tax-free monthly payment to help eligible families with the cost of raising children under 18 years of age.
$7,200
Canada Education Savings Grant
The government matches 20% of what you contribute to your child's RESP, up to $500 per year. Low and middle-income families may qualify for additional amounts.
$519
GST/HST Credit
A tax-free quarterly payment that helps individuals and families with low and modest incomes offset the GST or HST that they pay.