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Canada Learning Bond

Canada Learning Bond

Save for your child’s education with Canada Learning Bond!

Did you know the Government of Canada can provide FREE money for your child’s future post-secondary education plans? Open to low-income families, including newcomers and refugees, the Canada Learning Bond offers an initial $500 to help you start saving for your child’s education after high school. Your child can also receive an additional $100 every year until age 15. In total, a child can receive up to $2,000 in a Registered Education Savings Plan (RESP).

Who’s eligible?
  •  If your child is born January 1, 2004, or later, and your family’s annual income is less than $47,630
  • Permanent residents
  • Refugees and refugee claimants
  • Canadian citizens
  • Temporary and/or foreign workers
  • Students
How to get started

Our DIVERSEcity settlement workers can help you through this process. Here are the steps to applying:

  • Schedule an appointment with one of our settlement workers.
  • Open a no-cost RESP account and apply for the Canada Learning Bond (10 minutes).
  • Connect with the financial institution to complete the application process (one to two weeks).
  • If eligible, receive your child’s Canada Learning Bond into the RESP (may take up to two months).

We welcome walk-ins at our DIVERSEcity Community Campus and City Centre Campus. If you have any questions or would like to book an appointment for support or help, please call 604-507-6060 or email settlement@dcrs.ca.