Free government money deposited into a Registered Education Savings Plan (RESP) for children in low-income families. No personal contributions to the RESP are required to receive the CLB — the government contributes directly.
Canada Learning Bond (CLB)
Government of Canada
Undergraduate
Need-based
Award value
$2,000
$500 in the first year, then $100 per year until age 15 (up to $2,000 total, non-repayable)
Deadline
December 31, 2026
Level
Undergraduate
Country
Canada
Provider
Government of Canada
Overview
Eligibility & Requirements
Born after 2003. From a low-income family (National Child Benefit Supplement eligible). Must have a Social Insurance Number and an open RESP account in the child's name. Canadian residents only.
How to Apply
1
Open an RESP at a financial institution and apply for the CLB.
2
Eligibility is confirmed by the Canada Revenue Agency based on tax return income.
3
Apply any time until the child turns 18.